|Unit||Index 2015=100, NSA|
|Adjustments||Not Seasonally Adjusted|
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.
Classification: Classification of Individual Consumption by Purpose (COICOP).
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.
The data are final when initially released.