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Package holidays CPI

Writer
Hank
Date
2018-02-04
Views
10999
Hi,

I have a question related to CPI-package holidays. I notice that the price index has been low for this particular CPI series. On a y/y basis, packaged holidays fell 7.3% y/y in January. Is there a particular reason to explain the sharp fall in packaged tours CPI since June 2017? 

Thanks.
Statistics Korea 2018-02-09
Attached file :
Dear Hank,

Thank you for visiting the KOSIS website.

CPI-package holidays is calculated by two item, domestics and overseas group tour cost. Package travel cost to China, one of overseas group tour item has fallen due to diplomatic issue and usually overseas group tour has high-weight in package holidays index. 

This is why the sharp fall in CPI-package holidays since June 2017 and please refer to the attached file.
(Group tour cost CPI From KOSTAT / CPI series based on a y/y) 

Thank you.
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