January 2024 inflation data from South Korea, the slowing rates are aligning with what we are seeing in other economies.

  • Consumer price index +2.8% y/y (expected +2.9%)
  • Consumer price index +0.4% m/m (expected +0.4%)
  • Core CPI +2.5% y/y vs +2.8% in December 2023
  • January CPI marks slowest rise y/y since July 2023
  • January core CPI marks slowest rise y/y since December 2021
krw chart 02 February 2024 2

USD/KRW update