Correlation Analysis
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Korea vs Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Korea
LRUNTTTTKRM156S vs KORCPIALLMINMEI
+0.143
Weak positive
When one moves up, the other tends to follow.
AI Analysis
The weak positive correlation between Series A (presumably a labor-related metric) and Series B (Korean consumer price index) suggests that they tend to move in the same direction only occasionally, with only about half of the time showing trend alignment. Notably, Series A tends to lead Series B by about three periods, indicating that changes in the labor metric might precede shifts in consumer prices, which could be useful for investors assessing inflation expectations. However, the low overall correlation and minimal explanatory power highlight that other factors are likely influencing consumer prices, so relying solely on this relationship for economic decisions may be risky.
Timing Offset
x leads y by 3 periods
LRUNTTTTKRM156S tends to move before KORCPIALLMINMEI.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: +0.220 (13 lags scanned)
R-Squared
2.0%
Share of variance in one series explained by the other.
Trend Agreement
48.4%
How often both series moved in the same direction period-to-period.
Overlap Quality
407
Robust shared window — 407 usable pairs.
Significance
n.s.
95% CI: [-0.195, 0.450] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
407 paired observations survived the daily window.
Raw input
433
767
Normalized
433
767
Prepared
433
767
Aligned
407
407
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
386
A: 26 / B: 360
Series A
LRUNTTTTKRM156S
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Korea
FRED · 433 raw → 433 prepared
Series B
KORCPIALLMINMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Korea
FRED · 767 raw → 767 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
2.9456
Linear regression slope.
Intercept
70.4704
Linear regression intercept.
Saved 13 hours ago · ID: fred-lrunttttkrm156s-vs-fred-korcpiallminmei-daily-20260406-25149t