March 23, 2024
The Consumer Price Index in South Korea was 113.77(2020=100) in February 2024. The index increased 0.5 percent from the preceding month and rose 3.1 percent from the same month of the previous year.
The index excluding food and energy was 110.34 in February 2024. The index increased 0.3 percent from the preceding month and rose 2.5 percent from the same month of the previous year.
□ The Consumer Price Index by expenditure category in February 2024was below.
◦ The index for Food and non-alcoholic beverages, Housing, water, electricity, gas and other fuels, Furnishings, household equipment & routine maintenance, Health, Transport, Recreation and culture, Education, and Restaurants and hotels increased 1.4 percent, 0.3 percent, 0.2 percent, 0.1 percent, 1.5 percent, 1.0 percent, 0.1 percent, and 0.3 percent respectively from the preceding month.
◦ The index for Alcoholic beverages and tobacco, and Miscellaneous goods and services decreased 0.1 percent, and 0.1 percent from the preceding month.
◦ The index for Clothing and footwear, and Communication remained unchanged from the preceding month.
Source: Statistics South Korea
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