Karakulino is a rural locality situated in the Udmurt Republic of Russia. It serves as the administrative center of the Karakulinsky District.
According to census data, the population of the locality has remained relatively stable over several decades. The 2010 census recorded a population of 4,814 residents, following figures of 5,109 in 2002 and 5,144 during the 1989 Soviet census.