South Korea - Consumer Price Index (CPI)

South Korea: Consumer Price Index (CPI)

Mnemonic	CPI.IKOR
Unit	Index 2015=100, NSA
Adjustments	Not Seasonally Adjusted
	Monthly	0.5 %
Data	Sep 2021	108.83
	Aug 2021	108.29

Series Information

Source	Statistics Korea
Release	Consumer Price Index
Frequency	Monthly
Start Date	1/31/1965
End Date	9/30/2021

South Korea: Price

	Reference	Last	Previous	Units	Frequency
Consumer Price Index (CPI)	Sep 2021	108.83	108.29	Index 2015=100, NSA	Monthly
Producer Price Index (PPI)	Sep 2021	111.13	110.86	Index 2015=100, NSA	Monthly

Release Information

Description

The monthly CPI for South Korea is a measure of the average change in prices for a fixed-market basket of goods and services of constant quantity and quality purchased by consumers, detailed by COICOP.

Properties

Active:

Classification: COICOP
Measurement: Fixed-base value index relative to 2015 (Index 2015=100)
Adjustment: Not seasonally adjusted (NSA)
Native frequency: Monthly
Start dates: As early as 1965m1

Predecessors:

2010=100 - 1970 to 2016
2005=100 - 1965 to 2011
2000=100 - 2003 to 2006

Methodology

Population coverage: Nationwide, households of one person or more, excluding farming and fishery households. Covers about 92.9 percent of total households of Korea. 37 cities were selected to represent the coverage of the entire country.

Item coverage: The goods and services included are limited to consumption expenditures and exclude investment items such as stocks, bonds and real estate, but include rent deposits. The 2010-base index is calculated on 481 items representing all goods and services purchased for daily life by households.

Price sample: Each month about 100,000 price quotes are obtained from approximately 26,000 outlets and the quotes are obtained by personal interview. About 10,500 housing units are contacted for data on rents.

Index computation: Laspeyres methodology.

Moody's Analytics supplements

For the general index, we compute a seasonally adjusted counterpart.

Revisions

No. The data are final when initially released.

Notes

At the subnational level, the CPIs cannot be used to compare prices between areas; they indicate price changes only over time.