FX.co ★ South Korea CPI Drops to 2.9% in April 2024

In April 2024, South Korea's Consumer Price Index (CPI) dropped to 2.9%, down from the previous indicator of 3.1% in March 2024. This data, updated on 01 May 2024, highlights a slight decrease in the country's inflation rate. The comparison is made on a Year-over-Year basis, indicating a change in the CPI for April 2024 compared to the same month a year ago. While the decrease may reflect some stabilization in consumer prices, it is important to monitor future trends to understand the broader economic landscape in South Korea.