South Korean inflation rate
South Korea inflation summary for March 2024
Updated: April 2, 2024
Next update: May 2, 2024
Current South Korea inflation rate
March 2024
3.09%
The Consumer Price Index for Republic of Korea is 113.94 for the month of March 2024. The inflation rate year over year is 3.09% (compared to 3.12% for the previous month). Inflation from February 2024 to March 2024 was 0.15%.
Previous South Korea Inflation Rate
February 2024 to March 2024
0.15%
Month-to-Month South Korea Inflation Rate
February 2024
3.12%
Recent inflation rates for South Korea
| Year | jan | feb | mar | apr | may | jun | jul | aug | sep | oct | nov | dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.80% | 3.12% | 3.09% | ||||||||||
| 2023 | 4.98% | 4.66% | 4.17% | 3.69% | 3.38% | 2.73% | 2.35% | 3.36% | 3.68% | 3.76% | 3.30% | 3.16% | 3.59% |
| 2022 | 3.77% | 3.78% | 4.18% | 4.76% | 5.34% | 6.04% | 6.33% | 5.72% | 5.48% | 5.62% | 5.01% | 5.02% | 5.09% |
| 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% |
Additional resources
All inflation rates are calculated using the South Korea Consumer Price Index (CPI) series.