Correlation Analysis
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Korea vs Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Korea
KORCPIALLMINMEI vs IRLTLT01KRM156N
-0.820
Strong inverse
When one moves up, the other tends to move down.
AI Analysis
The strong negative correlation between Series A (Korean Consumer Price Index) and Series B (Ireland Long-Term Interest Rates) suggests that as consumer prices in Korea rise, long-term interest rates in Ireland tend to fall, indicating an inverse relationship between inflation and interest rates across these economies. The fact that interest rates lead consumer prices by three periods implies that shifts in Ireland's monetary policy or economic conditions may influence inflation trends in Korea with a slight delay, which is crucial for investors seeking to anticipate market movements. However, this correlation should be approached with caution, as it is based on historical data and may not hold in future economic conditions, especially given differing economic contexts and external shocks.
Timing Offset
y leads x by 3 periods
IRLTLT01KRM156N tends to move before KORCPIALLMINMEI.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: -0.879 (13 lags scanned)
R-Squared
65.0%
Share of variance in one series explained by the other.
Trend Agreement
51.4%
How often both series moved in the same direction period-to-period.
Overlap Quality
278
Robust shared window — 278 usable pairs.
Significance
p < 0.001
95% CI: [-0.897, -0.650] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
278 paired observations survived the daily window.
Raw input
767
305
Normalized
767
305
Prepared
767
305
Aligned
278
278
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
516
A: 489 / B: 27
Series A
KORCPIALLMINMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Korea
FRED · 767 raw → 767 prepared
Series B
IRLTLT01KRM156N
Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Korea
FRED · 305 raw → 305 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0985
Linear regression slope.
Intercept
13.1047
Linear regression intercept.
Saved 13 hours ago · ID: fred-korcpiallminmei-vs-fred-irltlt01krm156n-daily-20260406-7b6hl3