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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 % | 1966-2022 | Statistics 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 indicatorsIndicator | 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 | Points | Monthly | 1985-2022 |
Consumer Price Index CPI | 107.56 May 2022 | 106.85 Apr 2022 | 2.49 Jan 1965 | 107.56 May 2022 | Points | Monthly | 1965-2022 |
Core Consumer Prices | 105.73 May 2022 | 104.98 Apr 2022 | 9.07 Jan 1975 | 105.73 May 2022 | Points | Monthly | 1975-2022 |
Core Inflation Rate | 4.1 May 2022 | 3.6 Apr 2022 | -0.3 Apr 1999 | 30.5 Dec 1980 | % | Monthly | 1976-2022 |
Cpi Housing Utilities | 106.47 May 2022 | 105.71 Apr 2022 | 30.6 Jan 1985 | 106.47 May 2022 | Points | Monthly | 1985-2022 |
Export Prices | 131.35 May 2022 | 127.45 Apr 2022 | 17.87 Jan 1971 | 202.14 Jan 1998 | Points | Monthly | 1971-2022 |
Food Inflation | 6.02 May 2022 | 4.57 Apr 2022 | -4.5 Feb 1987 | 6,434.02 Jan 1985 | % | Monthly | 1970-2022 |
GDP Deflator | 109.03 Mar 2022 | 107.42 Dec 2021 | 0.74 Mar 1960 | 109.93 Sep 2021 | Points | Quarterly | 1960-2022 |
Import Prices | 153.74 May 2022 | 148.38 Apr 2022 | 5.99 Jan 1971 | 153.74 May 2022 | Points | Monthly | 1971-2022 |
Inflation Expectations | 3.9 Jun 2022 | 3.3 May 2022 | 1.6 May 2020 | 4.6 Mar 2003 | % | Monthly | 2002-2022 |
Inflation Rate | 5.4 May 2022 | 4.8 Apr 2022 | -0.4 Sep 2019 | 32.5 Oct 1980 | % | Monthly | 1966-2022 |
Inflation Rate Mom | 0.7 May 2022 | 0.7 Apr 2022 | -2.5 Nov 1966 | 5.3 Feb 1974 | % | Monthly | 1965-2022 |
Producer Price Inflation MoM | 0.5 May 2022 | 1.6 Apr 2022 | -2.3 Nov 2008 | 14.5 Feb 1974 | N/A | 1965-2022 | |
Producer Prices | 118.59 May 2022 | 118.02 Apr 2022 | 5.03 Jan 1965 | 118.59 May 2022 | Points | Monthly | 1965-2022 |
Producer Prices Change | 9.7 May 2022 | 9.7 Apr 2022 | -4.7 Nov 2015 | 47.4 Jul 1974 | % | Monthly | 1966-2022 |
Inflation Rate across Asia
Inflation Rate global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|---|
1.56 Jun 2021 | 1.35 May 2021 | -18.39 May 2009 | 13.97 Apr 2011 | % | Monthly | 2005-2021 | |
12.6 May 2022 | 12.4 Apr 2022 | -1.8 Jun 2009 | 25.4 Jun 2008 | % | Monthly | 2007-2022 | |
7.42 May 2022 | 7.42 May 2022 | -0.03 Dec 1996 | 16 Sep 2011 | % | Monthly | 1994-2022 | |
5.79 Apr 2022 | 5.57 Mar 2022 | 2.01 Jul 2018 | 13.53 Jun 2012 | % | Monthly | 2001-2022 | |
1.8 Oct 2021 | 2.2 Sep 2021 | -1.6 Dec 2016 | 3.59 Oct 2008 | % | Monthly | 2007-2021 | |
3.8 Nov 2021 | 2.9 Oct 2021 | -5.69 May 2009 | 35.57 May 2008 | % | Monthly | 1995-2021 | |
2.1 May 2022 | 2.1 Apr 2022 | -2.2 Apr 1999 | 28.4 Feb 1989 | % | Monthly | 1986-2022 | |
1.2 May 2022 | 1.3 Apr 2022 | -6.1 Aug 1999 | 16 Oct 1981 | % | Monthly | 1981-2022 | |
7.04 May 2022 | 7.79 Apr 2022 | 1.54 Jun 2017 | 12.17 Nov 2013 | % | Monthly | 2012-2022 | |
4.35 Jun 2022 | 3.55 May 2022 | -1.17 Mar 2000 | 82.4 Sep 1998 | % | Monthly | 1997-2022 | |
2.5 May 2022 | 2.5 Apr 2022 | -2.5 Oct 2009 | 24.9 Feb 1974 | % | Monthly | 1958-2022 | |
14.5 Jun 2022 | 14 May 2022 | 1.9 Dec 1998 | 2,960.8 Dec 1992 | % | Monthly | 1992-2022 | |
14 May 2022 | 14.5 Apr 2022 | -0.7 Feb 2019 | 32.45 Jul 2008 | % | Monthly | 2003-2022 | |
12.8 May 2022 | 9.9 Apr 2022 | -2.26 Aug 2009 | 167 Mar 1999 | % | Monthly | 1989-2022 | |
1.1 May 2022 | 1.06 Apr 2022 | -3.65 Jul 1999 | 9.49 Mar 2008 | % | Monthly | 1999-2022 | |
2.8 May 2022 | 2.3 Apr 2022 | -2.9 Apr 2020 | 23.9 Mar 1974 | % | Monthly | 1973-2022 | |
2.46 May 2022 | 1.2 Apr 2022 | -4.5 Jun 2020 | 17.72 Mar 2012 | % | Monthly | 2005-2022 | |
15.1 May 2022 | 14.4 Apr 2022 | -0.2 Oct 2016 | 34.2 Aug 2008 | % | Monthly | 2007-2022 | |
7.28 Sep 2021 | 6.71 Aug 2021 | -1.09 Dec 2011 | 54.02 Dec 2002 | % | Monthly | 1998-2021 | |
7.87 May 2022 | 7.28 Apr 2022 | -11.54 May 1967 | 30.42 May 1966 | % | Monthly | 1964-2022 | |
21.3 Jun 2022 | 13.8 May 2022 | -10.32 Feb 1959 | 37.81 Dec 1973 | % | Monthly | 1957-2022 | |
5.4 May 2022 | 4.9 Apr 2022 | -2.1 Jan 1959 | 62.8 Sep 1984 | % | Monthly | 1958-2022 | |
5.6 May 2022 | 5.4 Apr 2022 | -3.1 Sep 1976 | 34.3 Mar 1974 | % | Monthly | 1962-2022 | |
5.4 May 2022 | 4.8 Apr 2022 | -0.4 Sep 2019 | 32.5 Oct 1980 | % | Monthly | 1966-2022 | |
54.6 Jun 2022 | 39.1 May 2022 | -0.9 Mar 1995 | 54.6 Jun 2022 | % | Monthly | 1986-2022 | |
3.39 May 2022 | 3.38 Apr 2022 | -3.09 Oct 1970 | 61.45 Mar 1974 | % | Monthly | 1960-2022 | |
7.3 Apr 2022 | 7.3 Mar 2022 | 0.4 Jan 2009 | 60.6 Dec 2000 | % | Monthly | 1999-2022 | |
7.1 May 2022 | 4.65 Apr 2022 | -4.38 Jul 2009 | 24.56 Jun 1980 | % | Monthly | 1977-2022 | |
7.4 May 2022 | 6.6 Apr 2022 | -2.5 Aug 2009 | 18 Feb 2007 | % | Monthly | 2004-2022 | |
12.45 Dec 2021 | 7.58 Dec 2020 | 0.1 Dec 2009 | 83.7 Dec 1997 | % | Yearly | 1997-2021 | |
10.95 May 2022 | 10.38 Apr 2022 | 2.4 Mar 2008 | 20.1 Jan 2018 | % | Monthly | 2006-2022 | |
3.37 Jun 2022 | 2.86 May 2022 | -2.6 Jul 2000 | 28.24 Aug 2008 | % | Monthly | 1996-2022 |