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51m ago

South Korea Inflation Rebounds to 2.1% in September

Surging processed foods alongside pricier industrial goods lifted core inflation to 2.0%.

A woman carrying meals on her head makes her way through shoppers at a traditional market in Seoul, South Korea, January 4, 2024. REUTERS/Kim Hong-Ji
A customer shops at a major discount chain store in Seoul on Sept. 2, 2025. (Yonhap)

Overview

  • Consumer prices rose 2.1% year over year in September, according to the Ministry of Data and Statistics.
  • The increase followed a one-month dip to 1.7% in August, reversing the brief slowdown.
  • Core inflation, excluding food and energy, accelerated to 2.0% from 1.3% in August.
  • Processed foods, livestock, and fisheries posted sharp gains, while industrial goods prices climbed 4.2% on the year.
  • Among industrial goods, bread prices rose 6.5% and coffee jumped 15.6%, with services up 2.2% year over year.