The inflation rate in South Korea was recorded at 1.30 percent in March of 2014. Inflation Rate in South Korea is reported by the Statistics Korea. Inflation Rate in South Korea averaged 7.91 Percent from 1966 until 2014, reaching an all time high of 32.51 Percent in October of 1980 and a record low of 0.17 Percent in February of 1999. 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. This page provides - South Korea Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-22