South Korea Historical Inflation Rates

196519651968196819711971197419741977197719801980198319831986198619891989199219921995199519981998200120012004200420072007201020102013201320162016201920192022202236%36%27%27%18%18%9%9%0%0%
1966196619691969197219721975197519781978198119811984198419871987199019901993199319961996199919992002200220052005200820082011201120142014201720172020202020232023

The graph above displays annual inflation rates in South Korea for calendar years from 1965 to 2024. To calculate cumulative rates between two different periods, you can use the South Korea Inflation Calculator.

Historical Annual Inflation Rates from 1965

The table below contains annual inflation rates in South Korea from 1965. The 'Inflation %' column indicates how much prices have changed since the previous year.

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Year-Inflation%5-year Avg.%10-year Avg.%
2024 1.93 2.801.94
2023 3.18 2.411.84
2022 5.02 1.981.61
2021 3.70 1.361.33
2020 0.61 1.061.48
2019 0.74 1.091.72
2018 1.32 1.271.95
2017 1.41 1.242.27
2016 1.34 1.292.33
2015 1.13 1.892.46

Monthly Inflation Rates (YoY) | 1965-2025

The following table contains YoY (year-over-year) inflation rates calculated from monthly CPI data publications. The value of each month indicates the rolling average inflation rate for the last 12 months.

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YearJanFebMarAprMayJunJulAugSepOctNovDecAvg.
2025 2.24 2.02 2.13
2024 2.82 3.13 3.10 2.92 2.67 2.41 2.55 2.01 1.60 1.25 1.53 1.93 2.33
2023 4.98 4.66 4.17 3.69 3.38 2.73 2.35 3.36 3.70 3.77 3.31 3.18 3.61
2022 3.77 3.78 4.18 4.76 5.34 6.04 6.33 5.72 5.48 5.62 5.01 5.02 5.09
2021 0.95 1.42 1.90 2.49 2.62 2.35 2.64 2.56 2.41 3.16 3.78 3.70 2.50
2020 1.22 0.85 0.83 0.02 -0.21 0.22 0.45 0.77 0.95 0.14 0.61 0.61 0.54
2019 0.79 0.46 0.37 0.56 0.68 0.72 0.61 -0.04 -0.43 0.00 0.15 0.74 0.38
2018 0.76 1.25 1.22 1.53 1.47 1.48 1.12 1.43 2.09 2.00 2.04 1.32 1.48
2017 2.24 2.08 2.28 1.96 2.00 1.81 2.17 2.49 2.00 1.76 1.15 1.41 1.95
2016 0.62 1.11 0.84 1.00 0.78 0.74 0.37 0.49 1.35 1.49 1.53 1.34 0.97

Monthly Inflation Rates (MoM) | 1965-2025

This table contains MoM (Month-over-Month) inflation rates calculated from official CPI data publications.

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YearJanFebMarAprMayJunJulAugSepOctNovDecAvg.
2025 0.70 0.32 0.51
2024 0.39 0.54 0.15 0.05 0.08 -0.23 0.25 0.36 0.10 0.03 -0.25 0.45 0.16
2023 0.74 0.24 0.17 0.23 0.32 0.03 0.12 0.89 0.51 0.37 -0.52 0.04 0.26
2022 0.78 0.54 0.65 0.69 0.63 0.66 0.48 -0.09 0.17 0.31 -0.08 0.17 0.41
2021 0.71 0.53 0.26 0.14 0.07 0.00 0.21 0.48 0.41 0.17 0.50 0.16 0.30
2020 0.37 0.07 -0.22 -0.44 -0.06 0.27 -0.08 0.56 0.55 -0.56 -0.09 0.24 0.05
2019 -0.11 0.43 -0.19 0.36 0.17 -0.16 -0.31 0.24 0.37 0.25 -0.56 0.24 0.06
2018 0.42 0.76 -0.11 0.18 0.05 -0.20 -0.19 0.88 0.76 -0.18 -0.71 -0.34 0.11
2017 1.06 0.27 -0.07 -0.13 0.11 -0.21 0.17 0.57 0.12 -0.10 -0.74 0.36 0.12
2016 0.17 0.43 -0.26 0.19 0.06 -0.02 -0.19 0.26 0.60 0.14 -0.15 0.11 0.11

← South Korea Current Inflation Rate

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