Inflation Rate and Consumer Price Index
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South Korean inflation rate

South Korea inflation summary for January 2024

Updated: February 2, 2024
Next update: March 2, 2024

Current South Korea inflation rate

January 2024
2.80%
The Consumer Price Index for Republic of Korea is 113.15 for the month of January 2024. The inflation rate year over year is 2.80% (compared to 0.00% for the previous month). Inflation from December 2023 to January 2024 was 0.39%.

Previous South Korea Inflation Rate

December 2023 to January 2024
0.39%

Month-to-Month South Korea Inflation Rate

December 2023
0.00%

Recent inflation rates for South Korea

YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20242.80%
20234.98%4.66%4.17%3.69%3.38%2.73%2.35%3.36%3.68%3.76%3.30%3.16%3.59%
20223.77%3.78%4.18%4.76%5.34%6.04%6.33%5.72%5.48%5.62%5.01%5.02%5.09%
20210.95%1.42%1.90%2.49%2.62%2.35%2.64%2.56%2.41%3.16%3.78%3.70%2.50%
20201.22%0.85%0.83%0.02%-0.21%0.22%0.45%0.77%0.95%0.14%0.61%0.61%0.54%
All inflation rates are calculated using the South Korea Consumer Price Index (CPI) series.