Core consumer prices in South Korea increased 4.32 percent in May of 2023 over the same month in the previous year. source: Statistics Korea

Core Inflation Rate in South Korea averaged 5.26 percent from 1976 until 2023, reaching an all time high of 30.50 percent in December of 1980 and a record low of -0.30 percent in April of 1999. This page provides the latest reported value for - South Korea Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Core Inflation Rate - values, historical data and charts - was last updated on June of 2023.

Core Inflation Rate in South Korea is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Core Inflation Rate is projected to trend around 2.00 percent in 2024 and 1.70 percent in 2025, according to our econometric models.

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South Korea Core Inflation Rate

Related Last Previous Unit Reference
Inflation Rate 3.30 4.20 percent May 2023
Inflation Rate MoM 0.30 0.20 percent May 2023
Consumer Price Index CPI 111.13 110.80 points May 2023
Core Inflation Rate 4.32 4.61 percent May 2023
Core Consumer Prices 110.30 109.82 points May 2023
Food Inflation 3.87 5.00 percent May 2023
CPI Transportation 111.58 112.01 points May 2023
CPI Housing Utilities 112.76 112.18 points May 2023

South Korea Core Inflation Rate
In South Korea, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.
Actual Previous Highest Lowest Dates Unit Frequency
4.32 4.61 30.50 -0.30 1976 - 2023 percent Monthly
2015=100, NSA