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
| Year | jan | feb | mar | apr | may | jun | jul | aug | sep | oct | nov | dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 5.18% | 4.82% | 4.24% | 3.70% | 3.32% | 2.68% | 2.26% | 3.42% | |||||
| 2022 | 3.61% | 3.66% | 4.14% | 4.78% | 5.40% | 6.05% | 6.34% | 5.71% | 5.58% | 5.67% | 5.04% | 5.04% | 5.09% |
| 2021 | 0.95% | 1.42% | 1.90% | 2.49% | 2.62% | 2.35% | 2.64% | 2.56% | 2.41% | 3.16% | 3.78% | 3.70% | 2.50% |
| 2020 | 1.22% | 0.85% | 0.83% | 0.02% | -0.21% | 0.22% | 0.45% | 0.77% | 0.95% | 0.14% | 0.61% | 0.61% | 0.54% |
| 2019 | 0.79% | 0.46% | 0.37% | 0.56% | 0.68% | 0.72% | 0.61% | -0.04% | -0.43% | 0.00% | 0.15% | 0.74% | 0.38% |
Additional resources
All inflation rates are calculated using the South Korea Consumer Price Index (CPI) series.