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Korea's CPI Rebase

Writer
Pei Zhao
Date
2016-12-23
Views
928
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Hello,

I noticed that for the rebased (2015 base year) by-expenditure CPI (http://kosis.kr/statHtml/statHtml.do?orgId=101&tblId=DT_1J15001&conn_path=I2), the November data point for the item '09.2 기타 오락 및 문화용 주요 내구재' stays the same level with the 2010 base year (103.18 vs. 103.20). Is this data point correct considering that there was a base year change? It seems all other data points for this series changed quite a bit.

Thank you,
Pei
Statistics Korea 2017-01-03
Dear Pei,
Thank you for using the KOSIS website.

The CPI for "Other durable goods for recreation and culture" in November 2016 (2015 = 100) marked 103.18 after rebasing as released. As you noticed, there's a just small change even after rebasing due to a slight price fluctuation of "Other durable goods for recreation and culture" for the past 6 years.

Best regards,
Statistics Korea
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