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South Korea Inflation Rate

Last Release
May 31, 2022
Actual
5.4
Units In
%
Previous
4.8
Frequency
Monthly
Next Release
Jul 04, 2022
Time to Release
0 Days 0 Hours
Highest
Lowest
Average
Date Range
Source
32.5
Oct 1980
-0.4
Sep 2019
6.96 %1966-2022Statistics Korea
In South Korea, the most important categories in the consumer price index are Housing, water, electricity, gas and other fuels (17 percent of total weight) and Food and non-alcoholic beverages (13.6 percent of total weight). Others include Restaurants and hotels (12 percent); Education (11.4 percent); Transportation (10.9 percent); Health (7.3 percent); and Clothing and footwear (6.2 percent). The components with the least weight are Communication at 5.8 percent; Miscellaneous goods and services at 5.4 percent; Recreation and culture at 5.3 percent; Furnishings, household equipment and routine maintenance at 3.8 percent; and Alcoholic beverages and tobacco at 1.24 percent.

Latest Updates

Consumer prices in South Korea rose 5.4% in May 2022 from a year ago, accelerating at its fastest pace in nearly 14 years, as higher prices of oil and other commodities as well as rising services charges and utility bills continued to add to inflationary pressure. The data followed a 4.8% rise in the previous month and came in above expectations for a 5.1% gain. The country’s inflation rate also held above the central bank’s 2% target for the 14th consecutive month, keeping the pressure on the Bank of Korea to tighten policy further to curb price growth. The BOK raised its benchmark interest rate by 25 basis points to 1.5% in a surprise move in April as it stepped up the fight against rampant inflation. The bank expects inflation to average 4.5% in 2022, higher than its earlier forecast, signaling it would tighten policy further in the coming months.

South Korea Inflation Rate History

Last 12 readings

South Korea Prices Indicators

All South Korea indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
CPI Transportation
119.79
May 2022
119.2
Apr 2022
27.63
Jan 1985
119.79
May 2022
PointsMonthly1985-2022
Consumer Price Index CPI
107.56
May 2022
106.85
Apr 2022
2.49
Jan 1965
107.56
May 2022
PointsMonthly1965-2022
Core Consumer Prices
105.73
May 2022
104.98
Apr 2022
9.07
Jan 1975
105.73
May 2022
PointsMonthly1975-2022
Core Inflation Rate
4.1
May 2022
3.6
Apr 2022
-0.3
Apr 1999
30.5
Dec 1980
%Monthly1976-2022
Cpi Housing Utilities
106.47
May 2022
105.71
Apr 2022
30.6
Jan 1985
106.47
May 2022
PointsMonthly1985-2022
Export Prices
131.35
May 2022
127.45
Apr 2022
17.87
Jan 1971
202.14
Jan 1998
PointsMonthly1971-2022
Food Inflation
6.02
May 2022
4.57
Apr 2022
-4.5
Feb 1987
6,434.02
Jan 1985
%Monthly1970-2022
GDP Deflator
109.03
Mar 2022
107.42
Dec 2021
0.74
Mar 1960
109.93
Sep 2021
PointsQuarterly1960-2022
Import Prices
153.74
May 2022
148.38
Apr 2022
5.99
Jan 1971
153.74
May 2022
PointsMonthly1971-2022
Inflation Expectations
3.9
Jun 2022
3.3
May 2022
1.6
May 2020
4.6
Mar 2003
%Monthly2002-2022
Inflation Rate
5.4
May 2022
4.8
Apr 2022
-0.4
Sep 2019
32.5
Oct 1980
%Monthly1966-2022
Inflation Rate Mom
0.7
May 2022
0.7
Apr 2022
-2.5
Nov 1966
5.3
Feb 1974
%Monthly1965-2022
Producer Price Inflation MoM
0.5
May 2022
1.6
Apr 2022
-2.3
Nov 2008
14.5
Feb 1974
N/A1965-2022
Producer Prices
118.59
May 2022
118.02
Apr 2022
5.03
Jan 1965
118.59
May 2022
PointsMonthly1965-2022
Producer Prices Change
9.7
May 2022
9.7
Apr 2022
-4.7
Nov 2015
47.4
Jul 1974
%Monthly1966-2022

Inflation Rate across Asia

Inflation Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Afghanistan
1.56
Jun 2021
1.35
May 2021
-18.39
May 2009
13.97
Apr 2011
% Monthly2005-2021
Azerbaijan
12.6
May 2022
12.4
Apr 2022
-1.8
Jun 2009
25.4
Jun 2008
% Monthly2007-2022
Bangladesh
7.42
May 2022
7.42
May 2022
-0.03
Dec 1996
16
Sep 2011
% Monthly1994-2022
Bhutan
5.79
Apr 2022
5.57
Mar 2022
2.01
Jul 2018
13.53
Jun 2012
% Monthly2001-2022
Brunei
1.8
Oct 2021
2.2
Sep 2021
-1.6
Dec 2016
3.59
Oct 2008
% Monthly2007-2021
Cambodia
3.8
Nov 2021
2.9
Oct 2021
-5.69
May 2009
35.57
May 2008
% Monthly1995-2021
China
2.1
May 2022
2.1
Apr 2022
-2.2
Apr 1999
28.4
Feb 1989
% Monthly1986-2022
Hong Kong
1.2
May 2022
1.3
Apr 2022
-6.1
Aug 1999
16
Oct 1981
% Monthly1981-2022
India
7.04
May 2022
7.79
Apr 2022
1.54
Jun 2017
12.17
Nov 2013
% Monthly2012-2022
Indonesia
4.35
Jun 2022
3.55
May 2022
-1.17
Mar 2000
82.4
Sep 1998
% Monthly1997-2022
Japan
2.5
May 2022
2.5
Apr 2022
-2.5
Oct 2009
24.9
Feb 1974
% Monthly1958-2022
Kazakhstan
14.5
Jun 2022
14
May 2022
1.9
Dec 1998
2,960.8
Dec 1992
% Monthly1992-2022
Kyrgyzstan
14
May 2022
14.5
Apr 2022
-0.7
Feb 2019
32.45
Jul 2008
% Monthly2003-2022
Laos
12.8
May 2022
9.9
Apr 2022
-2.26
Aug 2009
167
Mar 1999
% Monthly1989-2022
Macao
1.1
May 2022
1.06
Apr 2022
-3.65
Jul 1999
9.49
Mar 2008
% Monthly1999-2022
Malaysia
2.8
May 2022
2.3
Apr 2022
-2.9
Apr 2020
23.9
Mar 1974
% Monthly1973-2022
Maldives
2.46
May 2022
1.2
Apr 2022
-4.5
Jun 2020
17.72
Mar 2012
% Monthly2005-2022
Mongolia
15.1
May 2022
14.4
Apr 2022
-0.2
Oct 2016
34.2
Aug 2008
% Monthly2007-2022
Myanmar
7.28
Sep 2021
6.71
Aug 2021
-1.09
Dec 2011
54.02
Dec 2002
% Monthly1998-2021
Nepal
7.87
May 2022
7.28
Apr 2022
-11.54
May 1967
30.42
May 1966
% Monthly1964-2022
Pakistan
21.3
Jun 2022
13.8
May 2022
-10.32
Feb 1959
37.81
Dec 1973
% Monthly1957-2022
Philippines
5.4
May 2022
4.9
Apr 2022
-2.1
Jan 1959
62.8
Sep 1984
% Monthly1958-2022
Singapore
5.6
May 2022
5.4
Apr 2022
-3.1
Sep 1976
34.3
Mar 1974
% Monthly1962-2022
South Korea
5.4
May 2022
4.8
Apr 2022
-0.4
Sep 2019
32.5
Oct 1980
% Monthly1966-2022
Sri Lanka
54.6
Jun 2022
39.1
May 2022
-0.9
Mar 1995
54.6
Jun 2022
% Monthly1986-2022
Taiwan
3.39
May 2022
3.38
Apr 2022
-3.09
Oct 1970
61.45
Mar 1974
% Monthly1960-2022
Tajikistan
7.3
Apr 2022
7.3
Mar 2022
0.4
Jan 2009
60.6
Dec 2000
% Monthly1999-2022
Thailand
7.1
May 2022
4.65
Apr 2022
-4.38
Jul 2009
24.56
Jun 1980
% Monthly1977-2022
Timor-Leste
7.4
May 2022
6.6
Apr 2022
-2.5
Aug 2009
18
Feb 2007
% Monthly2004-2022
Turkmenistan
12.45
Dec 2021
7.58
Dec 2020
0.1
Dec 2009
83.7
Dec 1997
% Yearly1997-2021
Uzbekistan
10.95
May 2022
10.38
Apr 2022
2.4
Mar 2008
20.1
Jan 2018
% Monthly2006-2022
Vietnam
3.37
Jun 2022
2.86
May 2022
-2.6
Jul 2000
28.24
Aug 2008
% Monthly1996-2022

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