The inflation rate in North Korea was recorded at 55 percent in July of 2013. This dataset provides - North Korea Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Historical dataset showing North Korea inflation rate by year from N/A to N/A.

Inflation Rate in South Korea remained unchanged at 2.40 percent in November. This dataset provides the latest reported value for - South Korea Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the average inflation rate in South Korea from 1985 to 2024, with projections up until 2030. In 2024, the average inflation rate in South Korea amounted to about 2.32 percent compared to the previous year. For further info, see the South Korean GDP. South Korea's low inflation High rates of inflation are undesireable, just like low rates, and South Korea is currently struggling with the latter. South Korea is actually an affluent country and currently ranks 11th on the list of the 20 countries with the largest GDP, but its inflation rate is subject to concern, as it is currently at levels below 2 percent. However, there is still hope that inflation will return to stable rates between 3 and 4.5 percent in the next few years, and there are also signs that consumer confidence is rising after two years of weak economic growth and sluggish domestic consumption and investment. The unemployment rate remains low with levels staying in the range of 3 percent - close to full employment – yet there are still obstacles including an aging population and a heavy reliance on exports. At present, South Korea is attempting to balance its reliance on exports by expanding the service industry, especially as the export market slows.

In August 2025, consumer prices in South Korea had increased by about *** percent compared to the same month of the previous year. Consumer price inflation hit a decade-high in July 2022.

Core consumer prices in South Korea increased 2.50 percent in October of 2025 over the same month in the previous year. This dataset provides the latest reported value for - South Korea Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Consumer Price Index in South Korea decreased 0.20 percent in November of 2025 over the previous month. This dataset provides the latest reported value for - South Korea Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Monthly dataset of the South Korea Inflation Rate, including historical data, latest releases, and long-term trends from 1966-01-31 to 2025-10-31. Available for free download in CSV format.

In 2024, Seoul experienced a consumer price inflation rate of approximately 2.4 percent. The highest inflation rate in the last 20 years was reported in 2022, at about *** percent. Steady price growth in the Korean economy Both the consumer price index (CPI) and the producer price index (PPI) in South Korea have shown steady growth over time, reflecting ongoing inflationary trends. The CPI, especially for living necessities, has consistently increased in recent years. Likewise, the PPI has followed a continuous upward trajectory, indicating rising production costs. These trends show that the South Korean economy is experiencing sustained inflation at both the consumer and producer levels. South Korea’s high grocery costs In South Korea, essential items such as food and clothing are significantly more expensive than other goods and services. For example, the prices for potatoes, pork, and apples can be ************ times higher than in other developed countries. This high pricing is often attributed to limited farmland, low agricultural productivity, and import restrictions, among others. The high food costs have particularly affected low-income and elderly households in the country the most.

Graph and download economic data for Inflation, consumer prices for the Republic of Korea (FPCPITOTLZGKOR) from 1960 to 2024 about Korea, consumer, CPI, inflation, price index, indexes, and price.

According to a survey conducted in South Korea in January 2025, the expected inflation rate of consumer prices for the coming year was *** percent. Inflation expectations have shown a declining trend over the past several months.

Historical dataset showing South Korea inflation rate by year from 1960 to 2024.

In 2024, the inflation rate in South Korea was about *** percent. Other goods and services experienced the fastest price increase at about *** percent, while food and non-alcoholic beverages followed with a price increase of around *** percent.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in South Korea was 1.67 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 2.09 percent. Compared to a year ago, we see a decrease from the...

As of June 2025, consumer prices in South Korea increased by * percent compared to the previous month. August 2023 experienced the highest monthly inflation rate during the examined period.

In 2024, consumer prices in South Korea increased by 2.3 percent compared to the previous year. Agricultural and marine products experienced the highest price increase at about 5.9 percent.

Inflation Expectations in South Korea remained unchanged at 2.60 percent in November. This dataset provides - South Korea Consumer Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

South Korea NAIRU: Equilibrium Unemployment Rate data was reported at 3.542 % in 2022. This records an increase from the previous number of 3.535 % for 2021. South Korea NAIRU: Equilibrium Unemployment Rate data is updated yearly, averaging 3.437 % from Dec 1985 (Median) to 2022, with 38 observations. The data reached an all-time high of 4.236 % in 1998 and a record low of 2.793 % in 1991. South Korea NAIRU: Equilibrium Unemployment Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Non-Accelerating Inflation Rate of Unemployment (NAIRU): Forecast: OECD Member: Annual. NAIRU - Equilibrium unemployment rate The equilibrium unemployment rate (code NAIRU) is estimated using a Kalman filter in a Phillips curve framework which assumes inflation expectations are anchored at the central bank’s inflation target . The NAIRU is then projected forward from the last estimated period using a simple autoregressive rule, exceptionally modified to account for recent labour market reforms, until the end of the forecasting horizon More details on methodology in Rusticelli E., Turner D. and M. C. Cavalleri (2015), Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment, OECD Economics Department Working Papers No.1231 OECD, Economics Department Working Papers: Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment:https://www.oecd-ilibrary.org/economics/incorporating-anchored-inflation-expectations-in-the-phillips-curve-and-in-the-derivation-of-oecd-measures-of-equilibrium-unemployment_5js1gmq551wd-en

Korea Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 2.265 % in 2017. This records an increase from the previous number of 1.978 % for 2016. Korea Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 3.022 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 10.109 % in 1990 and a record low of -1.185 % in 1999. Korea Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Actual value and historical data chart for South Korea Inflation GDP Deflator Annual Percent