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.
Inflation rate for the Consumer Price Index (CPI) in South Korea from 1986 to 2023, by item category
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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Statistics Korea. (July 3, 2024). Inflation rate for the Consumer Price Index (CPI) in South Korea from 1986 to 2023, by item category [Graph]. In Statista. Retrieved July 18, 2024, from https://www.statista.com/statistics/1300960/south-korea-yoy-inflation-rate-by-item/
Statistics Korea. "Inflation rate for the Consumer Price Index (CPI) in South Korea from 1986 to 2023, by item category." Chart. July 3, 2024. Statista. Accessed July 18, 2024. https://www.statista.com/statistics/1300960/south-korea-yoy-inflation-rate-by-item/
Statistics Korea. (2024). Inflation rate for the Consumer Price Index (CPI) in South Korea from 1986 to 2023, by item category. Statista. Statista Inc.. Accessed: July 18, 2024. https://www.statista.com/statistics/1300960/south-korea-yoy-inflation-rate-by-item/
Statistics Korea. "Inflation Rate for The Consumer Price Index (Cpi) in South Korea from 1986 to 2023, by Item Category." Statista, Statista Inc., 3 Jul 2024, https://www.statista.com/statistics/1300960/south-korea-yoy-inflation-rate-by-item/
Statistics Korea, Inflation rate for the Consumer Price Index (CPI) in South Korea from 1986 to 2023, by item category Statista, https://www.statista.com/statistics/1300960/south-korea-yoy-inflation-rate-by-item/ (last visited July 18, 2024)
Inflation rate for the Consumer Price Index (CPI) in South Korea from 1986 to 2023, by item category [Graph], Statistics Korea, July 3, 2024. [Online]. Available: https://www.statista.com/statistics/1300960/south-korea-yoy-inflation-rate-by-item/