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South Korea's Inflation Hits Five-Month Low at 2%

2/3/2026

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Summary

Story summary

South Korea's consumer price index rose 2.0% year on year in January 2026, a five-month low in line with the Bank of Korea (BoK) target.
The January reading fell from 2.3% in December as energy prices declined, offsetting Lunar New Year food-price increases.
The Bank of Korea maintained the policy rate at 2.5% and signaled the end of its easing cycle, citing foreign exchange stability amid a weakening won.

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Story summary

South Korea's consumer price index rose 2.0% year on year in January 2026, a five-month low in line with the Bank of Korea (BoK) target.
The January reading fell from 2.3% in December as energy prices declined, offsetting Lunar New Year food-price increases.
The Bank of Korea maintained the policy rate at 2.5% and signaled the end of its easing cycle, citing foreign exchange stability amid a weakening won.