Inflation Rate in South Korea increased to 2.10 percent in September from 1.70 percent in August of 2025. 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 1987 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.

Core consumer prices in South Korea increased 1.90 percent in August 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 increased 0.50 percent in September 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.

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.

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.

Inflation Expectations in South Korea decreased to 2.50 percent in September from 2.60 percent in August of 2025. This dataset provides - South Korea Consumer Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

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...

Inflation, GDP deflator (annual %) in South Korea was reported at 2.0641 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Korea - Inflation, GDP deflator (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

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

Cost of food in South Korea increased 3.30 percent in September of 2025 over the same month in the previous year. This dataset provides the latest reported value for - South Korea Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus 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

Key information about South Korea Core CPI Change

• South Korea Core CPI Change was reported at 1.920 % in Feb 2025.
• This records a decrease from the previous number of 2.023 % for Jan 2025.
• South Korea Core CPI Change data is updated monthly, averaging 3.213 % from Jan 1976 to Feb 2025, with 590 observations.
• The data reached an all-time high of 30.465 % in Dec 1980 and a record low of -0.348 % in May 1999.
• South Korea Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly.

In 2024, the Consumer Price Index (CPI) for recreation and culture in South Korea was ****** points, showing an increase compared to the base year of 2020. Over the past few years, the CPI for recreation and culture in South Korea has shown an upward trend, particularly after 2020.

View yearly updates and historical trends for Korea Inflation Rate Outlook, End of Period Consumer Prices. from South Korea. Source: International Monetar…

Korea Consumer Survey Index: Expected Inflation data was reported at 2.400 Point in Nov 2018. This records a decrease from the previous number of 2.500 Point for Oct 2018. Korea Consumer Survey Index: Expected Inflation data is updated monthly, averaging 3.100 Point from Feb 2002 (Median) to Nov 2018, with 202 observations. The data reached an all-time high of 4.600 Point in Oct 2008 and a record low of 2.400 Point in Nov 2018. Korea Consumer Survey Index: Expected Inflation data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.H031: Consumer Survey Index: The Bank of Korea: Expected Inflation.

South Korea NAIRU: Unemployment Gap data was reported at 0.090 % in 2022. This records an increase from the previous number of -0.493 % for 2021. South Korea NAIRU: Unemployment Gap data is updated yearly, averaging -0.049 % from Dec 1985 (Median) to 2022, with 38 observations. The data reached an all-time high of 1.118 % in 1996 and a record low of -2.838 % in 1998. South Korea NAIRU: Unemployment Gap 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. GAPUNR - Unemployment gap Difference of nairu and unemployment rate OECD calculation, see OECD Economic Outlook, Database Inventory OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

View yearly updates and historical trends for South Korea Inflation. Source: World Bank. Track economic data with YCharts analytics.