Cost of food in South Korea increased 6.5 percent in June of 2021 over the same month in the previous year. source: Statistics Korea
Food Inflation in South Korea averaged 113.62 percent from 1970 until 2021, reaching an all time high of 6434.02 percent in January of 1985 and a record low of -4.50 percent in February of 1987. This page provides the latest reported value for - South Korea Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Food Inflation - values, historical data and charts - was last updated on July of 2021.
Food Inflation in South Korea is expected to be 11.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in South Korea to stand at 4.50 in 12 months time. In the long-term, the South Korea Food Inflation is projected to trend around 2.40 percent in 2022 and 2.90 percent in 2023, according to our econometric models.