October’s shopper worth inflation price recorded 2.4%, marking the best improve this yr. This represents the best inflation price in 1 yr and three months since July final yr (2.6%). Analysts recommend that inflation strain is prone to persist for a while as private service costs in eating out and transportation, which considerably have an effect on perceived inflation, proceed to rise, and petroleum product costs additionally improve because of excessive worldwide oil costs.
In line with the “October 2025 Shopper Value Tendencies” launched by the Nationwide Information Workplace (previously Statistics Korea) on Nov. 4, final month’s shopper worth index (CPI) rose 2.4% in comparison with the identical month final yr. This determine is 0.3 proportion factors increased than September (2.1%) and represents the best degree in 1 yr and three months since July final yr. This yr’s shopper worth inflation price has remained within the low 2% vary, aside from Could (1.9%) and August (1.7%).
By class, agricultural, livestock, and fishery product costs elevated by 3.1%. Agricultural merchandise rose 1.1%, whereas vegetable costs decreased 14.1%. Within the case of greens, cabbage costs plummeted 34.5% in comparison with final yr, and radish and carrot costs dropped sharply by 40.5% and 45.2%, respectively.
Nevertheless, livestock and fishery merchandise elevated by 5.3% and 5.9%, respectively, driving total inflation. Rice (21.3%), pork (6.1%), and home beef (4.6%) rose considerably. Glutinous rice, specifically, elevated by 45.5%.
Industrial merchandise rose 2.3% year-on-year in October. The Nationwide Information Workplace decided that industrial product costs elevated because of rising worldwide oil costs and base results from petroleum merchandise. Petroleum product costs, specifically, surged 4.8%, marking the most important improve in 8 months since February 2025 (6.3%).
Moreover, eating out service costs rose 3.0% in comparison with final yr, whereas non-dining service costs elevated 3.6%. In consequence, the contribution of eating service worth inflation reached 0.43 proportion factors.
