Korea's inflation rises to 2.1% in March

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Published: 02 Apr. 2025, 08:26 Updated: 02 Apr. 2025, 18:40

SHIN HA-NEE
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Cass beer packs are shown by customers shopping at a wholesale store in Seoul on March 30. [NEWS1]

Korea’s headline inflation edged up in March, partially led by rising prices in food products and services.

The consumer price index (CPI) rose 2.1 percent last month from a year ago, according to data released by Statistics Korea on Wednesday. The figure represents a slight rise from February's 2 percent lift.

This marks the third month in a row for the annual CPI increase to remain in the 2 percent range.

Core inflation, which excludes volatile food and energy prices, came in at 1.9 percent in March, compared to 1.8 percent a month prior.

The cost of living index, which tracks changes in the prices of 144 frequently purchased consumer goods and services, rose 2.4 percent, a deceleration from the previous month’s 2.6 percent.

BY SHIN HA-NEE [[email protected]]