Inflation Rate and Consumer Price Index
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South Korean inflation rate

South Korea inflation summary for August 2023

Updated: September 5, 2023
Next update: October 5, 2023

Current South Korea inflation rate

August 2023
3.42%
The Consumer Price Index for Republic of Korea is 112.33 for the month of August 2023. The inflation rate year over year is 3.42% (compared to 2.26% for the previous month). Inflation from July 2023 to August 2023 was 1.02%.

Previous South Korea Inflation Rate

July 2023 to August 2023
1.02%

Month-to-Month South Korea Inflation Rate

July 2023
2.26%

Recent inflation rates for South Korea

YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20235.18%4.82%4.24%3.70%3.32%2.68%2.26%3.42%
20223.61%3.66%4.14%4.78%5.40%6.05%6.34%5.71%5.58%5.67%5.04%5.04%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%
20190.79%0.46%0.37%0.56%0.68%0.72%0.61%-0.04%-0.43%0.00%0.15%0.74%0.38%
All inflation rates are calculated using the South Korea Consumer Price Index (CPI) series.