South Korea Inflation Rate
Jul 2026 · Monthly
South Korea's consumer price inflation rose to 3.09% in August 2026, up from 2.79% in July, according to data released by the International Monetary Fund. The latest reading marks the second consecutive monthly increase after a dip in July, with the pace accelerating from the 2.79% recorded the prior month. Year-on-year, the index remains well below the all-time high of 122.10% set in October 1952, and above the series low of -11.98% from April 1958. The August figure also compares with a year-ago rate of 1.67% in August 2025, reflecting a notable pickup over the past twelve months. The data, sourced from the International Monetary Fund, shows the index has fluctuated between 1.67% and 3.16% over the past year, with the latest reading near the upper end of that range.
source: International Monetary Fund
South Korea's annual inflation rate fell to 2.79% in July 2026 from 3.16% in the prior month. The reading remained below the all-time high of 122.10% recorded in October 1952. The series dates back to August 1952.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.8% | 3.2% | 122.1%Oct 1952 | -12.0%Apr 1958 | 1952 – 2026 | Monthly |
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About this series
Inflation Rate in South Korea averaged 3.4% from 1990 until 2026, reaching an all-time high of 122.1% in Oct 1952 and a record low of -12.0% in Apr 1958. The series is reported monthly with history from 1952.
The inflation rate measures the year-over-year change in the consumer price index for South Korea. It is reported monthly as a percentage. The series spans from August 1952 to the present.
Source & methodology
International Monetary Fund · IMF. Data is also available free of charge from the IMF
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