Inflation Rate and Consumer Price Index
DashboardRatesCPIInfoSubscribe

South Korean inflation rate

South Korea inflation summary for May 2024

Updated: June 4, 2024
Next update: July 2, 2024

Current South Korea inflation rate

May 2024
2.66%
The Consumer Price Index for Republic of Korea is 114.09 for the month of May 2024. The inflation rate year over year is 2.66% (compared to 2.91% for the previous month). Inflation from April 2024 to May 2024 was 0.09%.

Previous South Korea Inflation Rate

April 2024 to May 2024
0.09%

Month-to-Month South Korea Inflation Rate

April 2024
2.91%

Recent inflation rates for South Korea

YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20242.80%3.12%3.09%2.91%2.66%
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.