The consumer price index (CPI) in January increased by 2.0% year-on-year (2.3% in December), as the pace of price increases for agricultural, livestock, and fisheries products moderated due to a larger decline in vegetable prices and increased livestock slaughter volumes.
Core inflation, which reflects the underlying trend by excluding volatile food and energy prices, rose by 2.0% year-on-year (2.0% in December). The CPI for living necessities, which tracks items with a high share of household spending, climbed by 2.2% year-on-year (2.8% in December).
Consumer Price Index
|
(%) |
2025 |
2026 |
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Jan |
|
y-o-y |
2.2 |
2.0 |
2.1 |
2.1 |
1.9 |
2.2 |
2.1 |
1.7 |
2.1 |
2.4 |
2.4 |
2.3 |
2.0 |
|
m-o-m |
0.7 |
0.3 |
0.2 |
0.1 |
-0.1 |
0.0 |
0.2 |
-0.1 |
0.5 |
0.3 |
-0.2 |
0.3 |
0.4 |
Core Inflation
|
(y-o-y, %) |
2025 |
2026 |
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Jan |
|
CPI excluding food and energy prices |
1.9 |
1.8 |
1.9 |
2.1 |
2.0 |
2.0 |
2.0 |
1.3 |
2.0 |
2.2 |
2.0 |
2.0 |
2.0 |
|
CPI excluding agricultural product and petroleum prices |
2.0 |
1.9 |
2.1 |
2.4 |
2.3 |
2.4 |
2.3 |
1.9 |
2.4 |
2.5 |
2.3 |
2.3 |
2.3 |
CPI for living necessities
|
(y-o-y, %) |
2025 |
2026 |
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Jan |
|
CPI for living necessities |
2.5 |
2.6 |
2.4 |
2.4 |
2.3 |
2.5 |
2.5 |
1.5 |
2.5 |
2.5 |
2.9 |
2.8 |
2.2 |
Given the uncertainties ahead, such as volatility in global oil prices and winter weather conditions, the government will make every effort to stabilize perceived inflation. In particular, it will ensure the smooth implementation of measures to stabilize livelihoods ahead of the Lunar New Year, including supply and demand management of key holiday items, to ease the cost-of-living burden on the public, while proactively mitigating factors contributing to price instability in livestock products through thorough prevention and control of animal infectious diseases, including avian influenza (AI).
Please refer to the attached files.
