South Korea: inflation rate by category 2024| Statista

In 2024, consumer prices in South Korea increased by 2.3 percent compared to the previous year. Agricultural and marine products experienced the highest price increase at about 5.9 percent.

Annual Inflation rate for the Consumer Price Index (CPI) in South Korea from 1986 to 2024, by category (compared to the previous year)

Characteristic	Agricultural and marine products	Industrial products	Rent	Public services	Personal services
2024	5.9%	1.5%	0.2%	1.7%	3%
2023	3.1%	2.6%	0.5%	1.3%	4.8%
2022	3.8%	6.9%	1.9%	0.8%	5.4%
2021	8.7%	2.3%	1.4%	1%	2.6%
2020	6.7%	-0.2%	0.2%	-1.9%	1.2%
2019	-1.7%	-0.2%	-0.1%	-0.5%	1.9%
2018	3.7%	1.3%	0.6%	0.2%	2.5%
2017	5.5%	1.4%	1.6%	1%	2.5%
2016	3.8%	-0.5%	1.9%	1.5%	2.7%
2015	2%	-0.2%	2.5%	1.2%	1.9%
2014	-2.7%	1.3%	2.3%	0.7%	1.7%
2013	-0.6%	0.9%	2.7%	0.7%	1.6%
2012	3.1%	2.8%	4.2%	0.5%	1.1%
2011	9.2%	4.9%	4%	-0.4%	3.7%
2010	10%	3.2%	1.9%	1.2%	2.2%
2009	6.4%	2.5%	1.6%	2%	2.8%
2008	0.5%	7.8%	2.3%	2.5%	4.7%
2007	1.9%	1.9%	1.8%	3.1%	3.1%
2006	-0.1%	2%	0.4%	3.5%	3%
2005	1.9%	3.7%	-0.2%	3.2%	3.2%
2004	8.9%	2.6%	1.6%	2.5%	4.1%
2003	5.9%	2.4%	3.6%	2.5%	4.5%
2002	6.2%	1.6%	5.7%	-1.3%	3.7%
2001	6.3%	2.6%	4.1%	7.4%	3.1%
2000	1.9%	1.6%	-0.4%	7.1%	2%
1999	7.3%	0.5%	-4.1%	2.2%	-1%
1998	6.1%	11.2%	0.5%	9.5%	5.3%
1997	3.8%	4.3%	3.3%	5.1%	5.3%
1996	1.8%	4.3%	3.5%	6.7%	7.6%
1995	2.9%	2.6%	3.8%	7.8%	7.9%
1994	12.2%	3.1%	3.9%	7.1%	7.9%
1993	1.6%	3.9%	5.8%	7.4%	7.7%
1992	4.1%	4.2%	7.6%	8.4%	10.5%
1991	13.2%	4.8%	11.7%	7%	16.4%
1990	11%	5.2%	10.5%	6%	14.5%
1989	6.9%	4.8%	6.6%	2.1%	11%
1988	13.4%	3%	5.4%	5.5%	9.2%
1987	3.5%	2.7%	3.1%	2.6%	4.3%
1986	1.9%	2%	4%	3.4%	5%

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Release date

January 2025

More information

Region

South Korea

Survey time period

1986 to 2024

Special properties

compared to the previous year

Citation formats

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