Inflation Rate and Consumer Price Index
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South Korean Inflation Rates: 1966 to 2024

Historical inflation rates for Republic of Korea

Updated: October 2, 2024
Next update: November 5, 2024
YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20242.80%3.12%3.09%2.91%2.67%2.41%2.55%2.01%1.61%
20234.98%4.66%4.17%3.69%3.38%2.73%2.35%3.36%3.68%3.76%3.30%3.16%3.59%
20223.77%3.78%4.18%4.76%5.34%6.04%6.33%5.72%5.48%5.62%5.01%5.02%5.09%
20210.95%1.42%1.90%2.49%2.62%2.35%2.64%2.56%2.41%3.16%3.78%3.70%2.50%
20201.22%0.85%0.83%0.02%-0.21%0.22%0.45%0.77%0.95%0.14%0.61%0.61%0.54%
20190.79%0.46%0.37%0.56%0.68%0.72%0.61%-0.04%-0.43%0.00%0.15%0.74%0.38%
20180.76%1.25%1.22%1.53%1.47%1.48%1.12%1.43%2.09%2.00%2.04%1.32%1.48%
20172.24%2.08%2.28%1.96%2.00%1.81%2.17%2.49%2.00%1.76%1.15%1.41%1.94%
20160.62%1.11%0.84%1.00%0.78%0.74%0.37%0.49%1.35%1.49%1.53%1.34%0.97%
20150.97%0.65%0.47%0.44%0.55%0.70%0.74%0.70%0.50%0.81%0.82%1.13%0.71%
20141.08%1.01%1.29%1.50%1.67%1.66%1.59%1.41%1.15%1.15%0.97%0.83%1.27%
20131.63%1.58%1.46%1.33%1.15%1.17%1.62%1.51%0.98%0.86%1.20%1.14%1.30%
20123.35%3.03%2.66%2.55%2.54%2.20%1.48%1.27%2.09%2.09%1.63%1.43%2.19%
20113.44%3.94%4.13%3.82%3.91%4.22%4.51%4.69%3.76%3.56%4.17%4.16%4.03%
20103.52%2.98%2.46%2.60%2.70%2.69%2.53%2.68%3.41%3.68%2.99%3.03%2.94%
20093.75%4.10%3.88%3.58%2.73%1.99%1.62%2.16%2.16%1.98%2.44%2.80%2.76%
20083.89%3.58%3.94%4.12%4.87%5.54%5.90%5.61%5.11%4.82%4.53%4.14%4.67%
20071.68%2.17%2.16%2.45%2.35%2.55%2.54%2.04%2.32%3.02%3.52%3.61%2.53%
20062.22%2.02%2.00%2.00%2.30%2.41%2.40%2.69%2.48%2.19%2.10%2.09%2.24%
20053.40%3.36%2.99%3.09%3.08%2.77%2.55%1.97%2.48%2.28%2.49%2.62%2.75%
20043.40%3.29%3.07%3.25%3.35%3.63%4.36%4.79%3.85%3.76%3.32%3.04%3.59%
20033.81%3.89%4.52%3.75%3.18%2.99%3.19%2.98%3.33%3.71%3.43%3.42%3.51%
20022.64%2.63%2.31%2.50%2.98%2.59%2.11%2.38%3.06%2.77%3.45%3.73%2.76%
20013.44%3.63%4.01%4.83%5.26%5.03%4.81%4.69%3.25%3.35%3.37%3.16%4.07%
20001.89%1.77%2.11%1.44%1.10%2.22%2.98%2.45%3.52%2.64%2.20%2.78%2.26%
19991.46%0.17%0.51%0.42%0.76%0.60%0.25%0.94%0.76%1.18%1.35%1.35%0.81%
19988.29%9.55%8.96%8.83%8.17%7.52%7.32%6.90%6.87%7.23%6.78%3.97%7.51%
19974.69%4.86%4.54%4.31%3.81%4.00%3.70%3.96%4.24%4.24%4.33%6.57%4.44%
19964.80%4.79%4.44%4.51%4.90%5.21%5.40%5.27%4.53%5.05%5.26%4.93%4.92%
19955.20%4.46%4.62%5.09%5.22%4.17%3.60%3.43%4.68%4.48%4.11%4.75%4.48%
19946.35%6.81%6.40%5.94%5.68%5.90%6.88%7.35%6.50%5.75%6.08%5.57%6.27%
19934.51%4.57%4.79%4.76%4.47%4.80%4.28%4.44%4.59%5.11%5.48%5.80%4.80%
19927.72%6.96%6.78%6.94%7.29%6.79%6.56%5.87%5.66%5.38%4.38%4.46%6.21%
19919.16%9.93%10.13%9.41%8.51%8.67%9.04%9.49%9.44%9.31%9.69%9.25%9.33%
19907.32%7.62%7.99%8.75%8.58%8.94%9.36%8.97%8.63%8.69%8.62%9.34%8.57%
19896.78%5.41%4.62%5.24%6.02%5.54%5.27%5.51%6.19%6.73%6.06%5.07%5.70%
19886.22%7.76%8.48%7.67%6.60%7.36%7.86%6.91%6.49%6.11%7.15%7.18%7.15%
19870.88%0.49%1.07%1.75%2.71%2.82%2.42%3.98%4.05%5.17%5.17%6.05%3.05%
19863.67%3.53%3.63%3.42%3.30%3.00%3.10%2.80%2.27%0.98%1.99%1.39%2.75%
19852.11%1.93%1.67%1.47%2.34%2.96%2.96%2.65%2.58%3.40%2.41%3.02%2.46%
19841.80%2.01%2.01%2.60%2.15%1.71%1.71%2.15%3.19%2.75%2.75%2.45%2.27%
19835.13%5.34%4.74%4.27%3.77%3.06%2.82%2.59%2.27%2.43%2.83%1.96%3.42%
198212.41%12.05%10.95%10.18%8.62%6.35%5.57%4.79%3.94%3.95%4.22%4.83%7.19%
198128.76%24.41%22.26%22.42%21.32%23.17%23.38%22.61%21.90%18.32%16.63%13.70%21.35%
198025.40%26.41%28.77%26.62%26.64%27.01%27.46%29.16%29.78%32.51%31.27%32.20%28.70%
197914.09%15.69%16.28%19.30%21.80%19.63%18.47%18.63%17.87%17.64%18.79%21.21%18.32%
197813.31%12.98%12.89%12.64%12.60%14.59%14.80%13.53%15.48%16.84%17.01%16.39%14.46%
19779.71%11.08%10.69%9.62%10.08%10.09%9.37%9.71%9.21%10.08%10.60%10.95%10.10%
197623.04%22.17%21.99%19.52%16.09%15.68%15.81%14.49%11.48%8.75%9.46%9.60%15.33%
197525.43%21.31%19.11%20.63%24.34%26.93%26.47%25.30%27.54%30.53%27.85%26.47%25.25%
197412.77%18.36%22.63%24.24%24.14%23.52%25.52%28.19%29.24%27.85%28.01%26.45%24.31%
19737.87%4.84%2.14%2.03%2.20%1.40%0.88%0.31%1.07%2.39%5.58%8.49%3.22%
19727.91%9.19%10.18%11.38%13.86%14.66%13.85%14.61%12.81%12.41%10.16%9.17%11.68%
197115.86%15.84%15.50%12.60%11.71%13.95%15.16%15.36%14.50%11.40%11.79%9.08%13.50%
197014.88%16.48%18.10%20.01%18.05%15.14%15.96%16.20%15.31%14.50%13.02%14.42%15.96%
196911.73%10.69%10.44%11.07%11.56%11.51%11.58%11.45%14.47%14.44%13.04%16.29%12.39%
196813.10%13.24%12.80%9.78%8.94%10.61%10.37%9.72%8.54%9.75%11.65%11.04%10.76%
196713.18%11.62%11.40%13.23%11.22%9.83%10.49%9.57%9.30%8.22%11.72%11.55%10.90%
19667.42%8.08%9.60%9.02%9.87%11.03%9.16%10.25%12.89%16.52%15.54%15.26%11.25%

Additional resources

All inflation rates are calculated using the South Korea Consumer Price Index (CPI) series.