South Korea Inflation Rate

Last Release

Jul 31, 2025

Actual

2.1

Units In

2.2

Frequency

Monthly

Next Release

Sep 01, 2025

Time to Release

26 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
32.5 Oct 1980	-0.4 Sep 2019	6.77 %	1966-2025	Statistics Korea

In South Korea, the most important categories in the consumer price index are Housing, water, electricity, gas and other fuels (17 percent of total weight) and Food and non-alcoholic beverages (13.6 percent of total weight). Others include Restaurants and hotels (12 percent); Education (11.4 percent); Transportation (10.9 percent); Health (7.3 percent); and Clothing and footwear (6.2 percent). The components with the least weight are Communication at 5.8 percent; Miscellaneous goods and services at 5.4 percent; Recreation and culture at 5.3 percent; Furnishings, household equipment and routine maintenance at 3.8 percent; and Alcoholic beverages and tobacco at 1.24 percent.

Latest Updates

South Korea's consumer prices rose 2.1% year-on-year in July 2025, easing slightly from the 2.2% increase in June and aligning closely with market expectations of 2.13%. The largest price gains were seen in miscellaneous goods & services (4.3%), food & non-alcoholic beverages (3.5%), household furnishings and maintenance (3.4%), restaurants & hotels (3.2%), and education (2.6%). The slight cooling in inflation comes as the Bank of Korea held interest rates steady at its July meeting, prioritizing financial stability amid pressure from US tariffs, surging housing prices, and rising household debt. On a monthly basis, consumer prices edged up 0.2%, just under the forecasted 0.22%.