South Korea: inflation rate by category 2023 | Statista

In 2023, consumer prices in South Korea increased by 3.6 percent compared to the previous year. Personal services experienced the highest price increase at about 4.8 percent.

Annual Inflation rate for the Consumer Price Index (CPI) in South Korea from 1986 to 2023, by category (compared to the previous year)

Characteristic	Agricultural and marine products	Industrial products	Rent	Public services	Personal services
2023	3.1%	2.6%	0.5%	1.3%	4.8%
2022	3.8%	6.9%	1.9%	0.8%	5.4%
2021	8.7%	2.3%	1.4%	1%	2.6%
2020	6.7%	-0.2%	0.2%	-1.9%	1.2%
2019	-1.7%	-0.2%	-0.1%	-0.5%	1.9%
2018	3.7%	1.3%	0.6%	0.2%	2.5%
2017	5.5%	1.4%	1.6%	1%	2.5%
2016	3.8%	-0.5%	1.9%	1.5%	2.7%
2015	2%	-0.2%	2.5%	1.2%	1.9%
2014	-2.7%	1.3%	2.3%	0.7%	1.7%
2013	-0.6%	0.9%	2.7%	0.7%	1.6%
2012	3.1%	2.8%	4.2%	0.5%	1.1%
2011	9.2%	4.9%	4%	-0.4%	3.7%
2010	10%	3.2%	1.9%	1.2%	2.2%
2009	6.4%	2.5%	1.6%	2%	2.8%
2008	0.5%	7.8%	2.3%	2.5%	4.7%
2007	1.9%	1.9%	1.8%	3.1%	3.1%
2006	-0.1%	2%	0.4%	3.5%	3%
2005	1.9%	3.7%	-0.2%	3.2%	3.2%
2004	8.9%	2.6%	1.6%	2.5%	4.1%
2003	5.9%	2.4%	3.6%	2.5%	4.5%
2002	6.2%	1.6%	5.7%	-1.3%	3.7%
2001	6.3%	2.6%	4.1%	7.4%	3.1%
2000	1.9%	1.6%	-0.4%	7.1%	2%
1999	7.3%	0.5%	-4.1%	2.2%	-1%
1998	6.1%	11.2%	0.5%	9.5%	5.3%
1997	3.8%	4.3%	3.3%	5.1%	5.3%
1996	1.8%	4.3%	3.5%	6.7%	7.6%
1995	2.9%	2.6%	3.8%	7.8%	7.9%
1994	12.2%	3.1%	3.9%	7.1%	7.9%
1993	1.6%	3.9%	5.8%	7.4%	7.7%
1992	4.1%	4.2%	7.6%	8.4%	10.5%
1991	13.2%	4.8%	11.7%	7%	16.4%
1990	11%	5.2%	10.5%	6%	14.5%
1989	6.9%	4.8%	6.6%	2.1%	11%
1988	13.4%	3%	5.4%	5.5%	9.2%
1987	3.5%	2.7%	3.1%	2.6%	4.3%
1986	1.9%	2%	4%	3.4%	5%

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Release date

July 2024

More information

Region

South Korea

Survey time period

1986 to 2023

Special properties

compared to the previous year

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