25.08.202521:05:11UTC+00S Korea Consumer Morale Hits Highest Level Since 2017

In August 2025, South Korea's Composite Consumer Sentiment Index climbed to 111.4, a 0.6 point increase from July, reaching its highest level since December 2017. This surge in confidence was bolstered by robust export performance and governmental strategies designed to mitigate trade uncertainties. Additionally, a decrease in inflation alleviated concerns about rising prices. Perceptions of current living standards improved, reaching 96, an increase of two points from July, while expectations for future living conditions remained constant at 101. Anticipations for household income and spending held steady at 102 and 111, respectively. Views regarding current domestic economic conditions showed significant improvement, rising to 93—a seven-point increase. However, optimism for future economic conditions declined to 100, a decrease of six points from the previous month. Inflation expectations remained stable, with consumers predicting a 2.6% increase over the next year, and a consistent 2.5% growth over both three- and five-year periods.