Korea skyline

Korea Inflation September 2023

Korea: Inflation comes in at highest level since March in September

Inflation came in at 3.7% in September, up from August’s 3.4%. September’s reading was the highest inflation rate since March. Looking at the details of the release, the change in prices for housing and utilities increased at a slower rate in September. In contrast, prices for transportation rebounded.

Annual average inflation edged down to 4.1% in September (August: 4.2%). Meanwhile, core inflation was unchanged, coming in at August’s 3.3% in September.

Lastly, consumer prices rose 0.59% over the previous month in September, slowing down from the 1.02% increase logged in August.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen