In 2022, consumer price index for Republic of Korea was 124.7 index. Consumer price index of Republic of Korea increased from 7 index in 1973 to 124.7 index in 2022 growing at an average annual rate of 6.24%.
The description is composed by our digital data assistant.Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
| Date | Value | Change, % |
|---|---|---|
| 2022 | 124.7 | 5.09% |
| 2021 | 118.7 | 2.50% |
| 2020 | 115.8 | 0.54% |
| 2019 | 115.2 | 0.38% |
| 2018 | 114.7 | 1.48% |
| 2017 | 113.1 | 1.94% |
| 2016 | 110.9 | 0.97% |
| 2015 | 109.8 | 0.71% |
| 2014 | 109.1 | 1.27% |
| 2013 | 107.7 | 1.30% |
| 2012 | 106.3 | 2.19% |
| 2011 | 104.0 |