Researchers from Bank of Korea Report Findings in Asian Economics (Reassessing Inflation In South Korea: an Alternative Approach Using the Engel Curve): Economics – Asian Economics

2026 JUL 01 (NewsRx) -- By a News Reporter-Staff News Editor at CDC & FDA Daily -- Investigators publish new report on Economics - Asian Economics. According to news reporting originating from Seoul, South Korea, by NewsRx correspondents, research stated, “South Korea’s inflation rate based on the consumer price index has remained stable at around 2 percent and was moderate even during the COVID-19 pandemic.”

Financial supporters for this research include Financial Research Center of Korea (2023), Hankuk University of Foreign Studies Research Fund, Bank of Korea.

Our news editors obtained a quote from the research from the Bank of Korea, “Although average income adjusted for inflation has increased, public sentiment reflects concerns about the high cost of living and a decrease in disposable income. Using an Engel-curve based methodology, we find that from 2010 to 2021, the average annual increase in consumer prices ranged from 4.6 percent to 6.6 percent, two to three times higher than the official record.”

According to the news editors, the research concluded: “This study explores several contributing factors that explain this discrepancy and examines its implications for policy decision-making.”

This research has been peer-reviewed.

For more information on this research see: Reassessing Inflation In South Korea: an Alternative Approach Using the Engel Curve. Asian Economic Papers, 2026;25(1):40-69. Asian Economic Papers can be contacted at: Mit Press, One Rogers St, Cambridge, MA 02142-1209, USA.

The news editors report that additional information may be obtained by contacting Soohyung Lee, Bank of Korea, Monetary Policy Board, Seoul, South Korea.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1162/ASEP.a.947. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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