Inflation, consumer prices for the Republic of Korea (FPCPITOTLZGKOR)

Source: World Bank  

Release: World Development Indicators  

Units:  Percent, Not Seasonally Adjusted

Frequency:  Annual

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. The Laspeyres formula is generally used.

International Monetary Fund, International Financial Statistics and data files.