According to the results of the ‘December Consumer Trends Survey’ published by the Bank of Korea today (27th), the expected inflation rate was 3.8%, 0.4% points lower than in November.
This is the first time since last June that the expected inflation rate has fallen into the 3% range, and is the lowest since last May.
The forecast index for the level of interest rates for December was 133, down 18 points since November.
If more people responded that ‘interest rates will be higher in 6 months compared to now’ than those who expected a reduction, this index is higher than 100.
The December house price forecast index (62) rose 1 point from November.
The overall Consumer Sentiment Index (CCSI) for December was 89.9, up 3.4 points from November (86.5).
This survey was conducted on 2,500 households across the country from the 12th to the 19th, and 2,380 households responded to the survey.
