South Korea Inflation Rate

Consumer prices in South Korea increased 2 percent year-on-year in January of 2017, following a 1.3 percent rise in the previous three months and beating market expectations of 1.5 percent. It is the highest inflation rate since October of 2012, mainly boosted by food and fuel cost.

The inflation hit the central bank target of 2 percent for the first time since it was introduced in 2016. Inflation Rate in South Korea averaged 7.52 percent from 1966 until 2017, reaching an all time high of 32.50 percent in October of 1980 and a record low of 0.20 percent in February of 1999.