Korea Inflation Rises to 3.09% in August

South Korea's consumer price inflation rose to 3.09% in August 2026, up from 2.79% in July, according to data released by the International Monetary Fund. The latest reading marks the second consecutive monthly increase after a dip in July, with the pace accelerating from the 2.79% recorded the prior month. Year-on-year, the index remains well below the all-time high of 122.10% set in October 1952, and above the series low of -11.98% from April 1958. The August figure also compares with a year-ago rate of 1.67% in August 2025, reflecting a notable pickup over the past twelve months. The data, sourced from the International Monetary Fund, shows the index has fluctuated between 1.67% and 3.16% over the past year, with the latest reading near the upper end of that range.