South Korea Inflation Rate

Last updated: 2022-05-07

Annual inflation

4.78%

YoY ending in Apr 2022

Monthly inflation

0.74%

April 2022

The graph above shows the annual inflation rates in South Korea for the previous 10 calendar years, from 2012. For additional years, see the historical inflation rates. To calculate cumulative rates between two different periods, you can use the South Korea Inflation Calculator.

The current inflation rate in South Korea is 4.78%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in April 2022.

In April 2022, the monthly inflation rate was 0.74.

The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values.

Year Measure Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 YoY 3.61 3.66 4.14 4.78
MoM 0.62 0.58 0.72 0.74
2021 YoY 0.95 1.42 1.90 2.49 2.62 2.35 2.64 2.56 2.41 3.16 3.78 3.70
MoM 0.71 0.53 0.26 0.14 0.07 0.00 0.21 0.48 0.41 0.17 0.50 0.16

Historical Annual Inflation Rates from 1953

The table below contains annual inflation rates in South Korea from 1953. The 'Inflation %' column indicates how much prices have changed since the previous year.

The 5-year and 10-year columns display the rolling average of the yearly inflation. For example, the 5-year avg. on the first row indicates that between 2016 and 2021, the average inflation rate was 1.36%. These values can be useful for long-term analysis and forecasting.

You can click or tap the table’s headers to sort the information.

Year Inflation 5-year Avg. 10-year Avg.
1953 64.32 - -
1954 48.01 - -
1955 26.86 - -
1956 40.39 - -
1957 -2.20 - -
1958 3.44 27.53 -
1959 8.03 20.47 -
1960 4.78 10.24 -
1961 4.26 7.45 -
1962 16.91 4.40 -
1963 28.51 9.17 17.99
1964 20.83 14.24 17.32
1965 9.60 15.40 12.79
1966 15.26 16.05 11.67
1967 11.52 16.96 10.50
1968 11.03 14.97 12.04
1969 16.29 11.77 13.00
1970 14.42 12.23 13.81
1971 9.08 12.69 14.35
1972 9.19 12.85 14.89
1973 8.49 11.27 13.10
1974 26.45 13.53 12.65
1975 26.45 15.30 13.76
1976 9.60 15.66 14.16
1977 10.96 15.33 14.08
1978 16.40 17.74 14.46
1979 21.20 16.58 15.05
1980 32.20 17.22 16.25
1981 13.69 18.42 17.03
1982 4.84 17.79 16.55
1983 1.96 15.42 16.58
1984 2.45 12.11 14.32
1985 3.01 7.11 12.05
1986 1.39 3.60 10.76
1987 6.05 2.79 10.03
1988 7.18 3.52 9.31
1989 5.07 4.20 8.08
1990 9.34 5.42 6.26
1991 9.25 6.74 5.16
1992 4.46 7.38 5.06
1993 5.80 6.91 5.20
1994 5.57 7.02 5.60
1995 4.75 6.20 5.81
1996 4.93 5.33 6.03
1997 6.57 4.98 6.18
1998 3.97 5.52 6.21
1999 1.35 4.41 5.71
2000 2.78 3.96 5.08
2001 3.16 3.79 4.56
2002 3.73 3.46 4.22
2003 3.42 2.68 4.09
2004 3.04 3.24 3.82
2005 2.62 3.34 3.65
2006 2.09 2.97 3.38
2007 3.61 2.93 3.19
2008 4.14 3.16 2.92
2009 2.80 2.99 3.11
2010 3.03 3.03 3.18
2011 4.16 3.38 3.18
2012 1.43 3.31 3.12
2013 1.14 2.64 2.90
2014 0.83 2.34 2.66
2015 1.13 1.89 2.46
2016 1.34 1.29 2.33
2017 1.41 1.24 2.27
2018 1.32 1.27 1.95
2019 0.74 1.09 1.72
2020 0.61 1.06 1.48
2021 3.70 1.36 1.33

More historical data →