In 2023, the inflation rate in South Korea was approximately 3.6 percent, with the clothing and footwear sector experiencing the fastest price increase at about 6.7 percent. Prices rose in most sectors compared to the previous year, except for the transport sector, which saw prices fall by 3.4 percent.
Annual inflation rate for the Consumer Price Index (CPI) in South Korea in 2023, by item
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statistics Korea. (May 19, 2024). Annual inflation rate for the Consumer Price Index (CPI) in South Korea in 2023, by item [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/1478244/south-korea-cpi-inflation-rate-by-item/
Statistics Korea. "Annual inflation rate for the Consumer Price Index (CPI) in South Korea in 2023, by item." Chart. May 19, 2024. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/1478244/south-korea-cpi-inflation-rate-by-item/
Statistics Korea. (2024). Annual inflation rate for the Consumer Price Index (CPI) in South Korea in 2023, by item. Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/1478244/south-korea-cpi-inflation-rate-by-item/
Statistics Korea. "Annual Inflation Rate for The Consumer Price Index (Cpi) in South Korea in 2023, by Item." Statista, Statista Inc., 19 May 2024, https://www.statista.com/statistics/1478244/south-korea-cpi-inflation-rate-by-item/
Statistics Korea, Annual inflation rate for the Consumer Price Index (CPI) in South Korea in 2023, by item Statista, https://www.statista.com/statistics/1478244/south-korea-cpi-inflation-rate-by-item/ (last visited November 26, 2024)
Annual inflation rate for the Consumer Price Index (CPI) in South Korea in 2023, by item [Graph], Statistics Korea, May 19, 2024. [Online]. Available: https://www.statista.com/statistics/1478244/south-korea-cpi-inflation-rate-by-item/