The consumer price index (CPI) in January 2025 rose by 2.2% compared to the same month of the previous year (1.9% in December). Core inflation, which reflects the underlying trend by excluding volatile food and energy prices, increased by 1.9% compared to the same month last year (1.8% in December), continuing a stable trend. CPI for living necessities, which are composed of items with a significant share of household spending, saw an increase of 2.5% compared to the previous year (2.2% in December, 2024) due to the impact of rising petroleum prices while the price increase of agricultural, livestock, and fisheries products slowed.
Consumer Price Index
|
(%) |
2024 |
2025 |
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Jan |
|
y-o-y |
2.8 |
3.1 |
3.1 |
2.9 |
2.7 |
2.4 |
2.6 |
2.0 |
1.6 |
1.3 |
1.5 |
1.9 |
2.2 |
|
m-o-m |
0.4 |
0.5 |
0.1 |
0.1 |
0.1 |
-0.2 |
0.3 |
0.4 |
0.1 |
0.0 |
-0.3 |
0.4 |
0.7 |
Core Inflation
|
(y-o-y, %) |
2024 |
2025 |
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Jan |
|
CPI excluding food and energy prices |
2.5 |
2.5 |
2.4 |
2.3 |
2.2 |
2.2 |
2.2 |
2.1 |
2.0 |
1.8 |
1.9 |
1.8 |
1.9 |
|
CPI excluding agricultural product and petroleum prices |
2.6 |
2.6 |
2.4 |
2.3 |
2.0 |
2.0 |
2.1 |
1.9 |
1.8 |
1.7 |
1.8 |
1.8 |
2.0 |
CPI for living necessities
|
(y-o-y, %) |
2024 |
2025 |
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Jan |
|
CPI for living necessities |
3.4 |
3.7 |
3.8 |
3.6 |
3.1 |
2.8 |
3.0 |
2.1 |
1.5 |
1.2 |
1.6 |
2.2 |
2.5 |
As uncertainties are expected to persist, including fluctuations in global oil prices and abnormal weather, the government plans to remain vigilant and focus all efforts on achieving price stability going forward. While continuing policy efforts to stabilize food prices through measures such as implementing tariff quotas on key food ingredients and managing the stockpiling and release of agricultural, livestock, and fisheries products, the government will monitor price trends for each item and promptly devise response measures for any items experiencing price instability.
Please refer to the attached files.
