[YARI Data Snapshot] A Look at Consumer Price Trends in South Korea

South Korea's August CIP Rises 3.1% Year on Year

South Korea’s Consumer Price Index reached 120.05 in August 2026, up 3.1% from a year earlier.

So, what does that actually tell us? 📊

With 2020 set at 100, a CPI of 120.05 means the overall price level for the goods and services included in the index is now about 20% higher than in 2020.

The 3.1% year-on-year increase doesn’t mean every item became 3.1% more expensive. It reflects the average change across a broad basket of goods and services purchased by households — offering a snapshot of how consumer prices have changed over the past year.

For more tourism-related data and longer-term trends, visit the Yanolja Research Data Lab.

Yanolja Research Datalab Tourism Dashboard

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