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.
