September Consumer Prices Up 2.9% — Agricultural, Livestock and Fishery Products Down for Second Straight Month
Source material is a Korean government announcement (in Korean).
Consumer prices in September 2026 rose 2.9% year on year, a lower rate than in August (3.1%).
Key facts
| September consumer prices | Up 2.9% year on year (August 3.1%) |
|---|---|
| Agricultural, livestock and fishery products | Down 0.3% year on year |
| Core and living-cost prices | Core prices up 2.8%, living-cost prices up 2.5% |
| Ministry estimate (price cap effect) | Rate eased by 0.6%p; estimated 3.5% rise without the cap |
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The Ministry of Economy and Finance (재정경제부) said on the 2nd that consumer prices in September 2026 rose 2.9% from a year earlier. The August rate was 3.1%. Agricultural, livestock and fishery products fell 0.3% year on year, while processed foods rose 2.1%. Core prices excluding food and energy rose 2.8%, and living-cost prices rose 2.5%. The ministry added that the price cap on petroleum products eased the rate by 0.6 percentage points, and estimated that without the measure prices would have risen 3.5%.
Summaries below are factual notes based on government announcements and primary sources — not evaluations or opinions.
FAQ
What was the September consumer price increase?
Prices rose 2.9% year on year; the August rate was 3.1%.
How was the effect of the petroleum price cap estimated?
The Ministry of Economy and Finance said the rate was eased by 0.6 percentage points and estimated that September prices would have risen 3.5% without the measure.