South Korea Inflation Rate 1960-2022

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • South Korea inflation rate for 2021 was 2.50%, a 1.96% increase from 2020.
  • South Korea inflation rate for 2020 was 0.54%, a 0.15% increase from 2019.
  • South Korea inflation rate for 2019 was 0.38%, a 1.09% decline from 2018.
  • South Korea inflation rate for 2018 was 1.48%, a 0.47% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Uruguay 7.75%
Hungary 5.11%
Poland 5.06%
United States 4.70%
Lithuania 4.68%
Estonia 4.65%
Chile 4.52%
Iceland 4.44%
New Zealand 3.94%
Czech Republic 3.84%
Norway 3.48%
Kuwait 3.42%
Canada 3.40%
Latvia 3.28%
Slovak Republic 3.15%
Germany 3.14%
Spain 3.09%
Saudi Arabia 3.06%
Bahamas 2.90%
Australia 2.86%
Austria 2.77%
Netherlands 2.68%
Palau 2.66%
Croatia 2.55%
Luxembourg 2.53%
United Kingdom 2.52%
South Korea 2.50%
Cyprus 2.45%
Belgium 2.44%
Ireland 2.36%
Singapore 2.30%
Qatar 2.30%
Finland 2.19%
Sweden 2.16%
Antigua and Barbuda 2.06%
Slovenia 1.92%
Italy 1.87%
Denmark 1.85%
Brunei 1.73%
France 1.64%
Panama 1.63%
Hong Kong 1.57%
Oman 1.55%
Malta 1.50%
Israel 1.49%
Portugal 1.27%
Greece 1.22%
St. Kitts and Nevis 1.20%
Switzerland 0.58%
Japan -0.23%
Bahrain -0.61%
South Korea Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2021 2.50% 1.96%
2020 0.54% 0.15%
2019 0.38% -1.09%
2018 1.48% -0.47%
2017 1.94% 0.97%
2016 0.97% 0.27%
2015 0.71% -0.57%
2014 1.27% -0.03%
2013 1.30% -0.89%
2012 2.19% -1.84%
2011 4.03% 1.09%
2010 2.94% 0.18%
2009 2.76% -1.92%
2008 4.67% 2.14%
2007 2.53% 0.29%
2006 2.24% -0.51%
2005 2.75% -0.84%
2004 3.59% 0.08%
2003 3.51% 0.75%
2002 2.76% -1.30%
2001 4.07% 1.81%
2000 2.26% 1.45%
1999 0.81% -6.70%
1998 7.51% 3.07%
1997 4.44% -0.49%
1996 4.92% 0.44%
1995 4.48% -1.79%
1994 6.27% 1.46%
1993 4.80% -1.41%
1992 6.21% -3.12%
1991 9.33% 0.76%
1990 8.57% 2.87%
1989 5.70% -1.45%
1988 7.15% 4.10%
1987 3.05% 0.30%
1986 2.75% 0.29%
1985 2.46% 0.19%
1984 2.27% -1.15%
1983 3.42% -3.77%
1982 7.19% -14.16%
1981 21.35% -7.35%
1980 28.70% 10.37%
1979 18.32% 3.86%
1978 14.46% 4.36%
1977 10.10% -5.23%
1976 15.33% -9.92%
1975 25.25% 0.95%
1974 24.30% 21.08%
1973 3.22% -8.47%
1972 11.69% -1.82%
1971 13.51% -2.44%
1970 15.95% 3.56%
1969 12.39% 1.62%
1968 10.77% -0.11%
1967 10.88% -0.38%
1966 11.26% -2.29%
1965 13.55% -15.91%
1964 29.46% 8.77%
1963 20.69% 14.07%
1962 6.62% -1.58%
1961 8.20% 0.23%
1960 7.97% 0.23%