The Consumer Price Index in South Korea rose by 0.4% in January 2024, in line with market expectations and rising after being steady a month earlier, the sharpest rise in consumer prices in four months. source: Statistics Korea

The Consumer Price Index in South Korea increased 0.40 percent in January of 2024 over the previous month. Inflation Rate MoM in South Korea averaged 0.55 percent from 1965 until 2024, reaching an all time high of 5.30 percent in February of 1974 and a record low of -2.50 percent in November of 1966. This page provides the latest reported value for - South Korea Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on March of 2024.

The Consumer Price Index in South Korea increased 0.40 percent in January of 2024 over the previous month. Inflation Rate MoM in South Korea is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Inflation Rate MoM is projected to trend around 0.50 percent in 2025, according to our econometric models.

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South Korea Inflation Rate MoM


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-12-28 11:00 PM
Inflation Rate MoM
Dec 0% -0.5% 0.2% 0.0%
2024-02-01 11:00 PM
Inflation Rate MoM
Jan 0.4% 0% 0.4% 0.7%
2024-03-05 11:00 PM
Inflation Rate MoM
Feb 0.4% 0.4% 0.3%


Related Last Previous Unit Reference
Inflation Rate 2.80 3.20 percent Jan 2024
Inflation Rate MoM 0.40 0.00 percent Jan 2024
Consumer Price Index CPI 113.15 112.71 points Jan 2024
Core Inflation Rate 2.63 3.05 percent Jan 2024
Core Consumer Prices 111.70 111.38 points Jan 2024
Food Inflation 5.92 6.19 percent Jan 2024
CPI Transportation 111.97 112.89 points Jan 2024
CPI Housing Utilities 113.73 113.61 points Jan 2024

South Korea Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.
Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.00 5.30 -2.50 1965 - 2024 percent Monthly
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