South Korea's consumer prices remained unchanged year-on-year in June 2020 from a 0.3 percent decline in the previous month, while markets expected a 0.1 percent drop. 2015=100, NSA The Trading Economics Application Programming Interface (API) provides direct access to our data. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. South Korea's low inflation Inflation as measured by the consumer price index reflects the annual percentage change in … Please check your download folder.
South Korea's consumer prices increased 0.7 percent year-on-year in August of 2020 following a 0.3 percent rise in the previous month, while markets expected a 0.4 percent gain. Inflation Rate YoY Development of inflation rates in South Korea The inflation rate for consumer prices in South Korea moved over the past 40 years between 0.4% and 28.7%. In contrast, prices for food & beverages climbed 2.4 percent after rising 1.7 percent.

Inflation eased for food & non-alcoholic beverages (1.7 percent vs 2.6 percent in March), restaurants & hotels (1.0 percent vs 1.1 percent) and clothing & footwear (0.1 percent vs 0.6 percent). Housing prices rose faster (0.6 percent vs 0.2 percent in June), while that of transport rebounded (0.1 percent vs -0.1 percent) and clothing and footwear prices went up by 0.9 percent, after a flat reading in June. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Inflation Rate YoY Tasa De Inflación (Anual)

SEOUL (Reuters) - South Korea’s consumer inflation picked up in December but its full-year reading set a record low as consumer demand remained shaky, reinforcing expectations that the central bank will need to cut interest rates again next year. Inflation Rate YoY

In contrast, prices for food & beverages climbed 3.3 percent after rising 2.4 percent. Tasa De Inflación (Anual) Also, there were declines in prices of transport (-2.3 percent vs 2.7 percent), mainly due to a drop in prices of international airfares, and education (-2.4 percent vs -0.9 percent). The consumer price index rose 0.7% in December from a year earlier, the statistics agency said on Tuesday, up sharply from a 0.2% rise in November and slightly faster than a median 0.6% gain tipped in a Reuters survey. It was the lowest rate since last October, due to demand-side shocks caused by implementation of measures to prevent and control the COVID-19 outbreak.

Inflation Rate YoY Core Inflation Rate in South Korea averaged 5.41 percent from 1976 until 2020, reaching an all time high of 30.50 percent in December of 1980 and a record low of -0.40 percent in May of 1999. Tasa De Inflación (Anual) Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data.
The government aims to boost fiscal spending by a whopping 9.1% next year to support the economic recovery even as the fiscal deficit widens, but analysts said the central bank may need to help by further cutting interest rates. The inflation rate is based upon the consumer price index (CPI). Reporting by Joori Roh; Editing by Kim Coghill and Sam HolmesFILE PHOTO: A street vendor counts his money at the Namdaemun Market in Seoul, South Korea, May 30, 2017. Inflation Rate YoY 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). During the observation period from 1979 to 2019, the average inflation rate was 5.2% per year. In 2019, the average inflation rate in South Korea amounted to about 0.38 percent compared to the previous year.

Poland’s annual inflation rate fell to 3 percent in July 2020 from 3.3 percent in the previous month and below a preliminary estimate of 3.1 percent, final data showed. “The fading effects from the low price levels and a likely economic recovery will help boost inflation next year but I think the low inflation pattern will persist for a while,” said Park Sang-hyun, chief economist at Hi Investment & Securities. This statistic shows the average inflation rate in Taiwan from 1984 to 2019, with projections up until 2021. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.


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