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PRESS RELEASES

Consumer Price Index Climbed By 1.9% in May

  • DivisionEconomic Policy Bureau - Price Policy Division
  • DateJune 4, 2025
  • Tel+82 44 215 2770


The consumer price index (CPI) in May 2025 rose by 1.9% year-on-year (2.1% in April), mainly due to a wider decline in agricultural and petroleum product prices and a smaller rise in personal service prices. Core inflation, which reflects the underlying trend by excluding volatile food and energy prices, went up by 2.0% year-on-year (2.1% in April). CPI for living necessities, which are composed of items with a significant share of household spending, saw a growth of 2.3% year-on-year (2.4% in April), while CPI for fresh food fell by 5.0% (-1.9% in April) owing to steeper declines in fruit and vegetable prices.

 

                                                                    Consumer Price Index

(%)

2024

2025

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

y-o-y

2.7

2.4

2.6

2.0

1.6

1.3

1.5

1.9

2.2

2.0

2.1

2.1

1.9

m-o-m

0.1

-0.2

0.3

0.4

0.1

0.0

-0.3

0.4

0.7

0.3

0.2

0.1

-0.1

 


                                                                      Core Inflation

(y-o-y, %)

2024

2025

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

CPI excluding food and energy prices

2.2

2.2

2.2

2.1

2.0

1.8

1.9

1.8

1.9

1.8

1.9

2.1

2.0

CPI excluding agricultural product and petroleum prices

2.0

2.0

2.1

1.9

1.8

1.7

1.8

1.8

2.0

1.9

2.1

2.4

2.3

 


                                                                          CPI for living necessities

(y-o-y, %)

2024

2025

     May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

CPI for living necessities

3.1

2.8

3.0

2.1

1.5

1.2

1.6

2.2

2.5

2.6

2.4

2.4

2.3

 

 

Given the continued uncertainty stemming from abnormal weather conditions and geopolitical factors, the government will make its utmost efforts to closely monitor the supply and distribution of key daily necessities – particularly agricultural, livestock, and fisheries products that are highly volatile in price – and promptly devise response measures when necessary.






Please refer to the attached files. 

Ministry of Economy and Finance
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