South Korea Historical Inflation Rates

The graph above displays annual inflation rates in South Korea for calendar years from 1953 to 2021. To calculate cumulative rates between two different periods, you can use the South Korea Inflation Calculator.

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.

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

Monthly Inflation Rates (YoY) | 1952-2022

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.

This information is particularly useful to track inflation for the current year as it's not possible to calculate the final value until the year is over.

The values on the December column are equivalent to annual inflation rates. For example, the 3.70% rate shown under 2021 and December matches the value shown in the table above as the annual inflation rate.

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg.
1952 103.99 121.22 122.10 111.49 109.48 113.66
1953 102.84 93.70 59.36 59.51 37.50 37.43 41.49 38.73 32.88 44.50 57.61 64.32 55.82
1954 44.65 23.58 31.17 23.85 23.14 21.14 23.69 25.09 39.86 64.13 68.62 48.01 36.41
1955 71.70 82.57 73.15 76.71 99.33 111.41 98.48 90.96 74.69 46.14 22.90 26.86 72.91
1956 17.98 17.84 18.90 23.20 29.13 22.86 18.99 19.23 16.17 19.49 32.61 40.39 23.06
1957 45.71 42.97 44.38 45.22 29.60 23.39 20.85 18.24 10.29 9.86 6.15 -2.20 24.54
1958 -6.64 -5.78 -9.66 -11.98 -7.75 -4.40 -3.19 -5.14 1.43 6.56 4.85 3.44 -3.19
1959 3.62 1.93 3.91 3.01 1.85 0.55 0.33 1.55 4.76 4.21 4.62 8.03 3.20
1960 7.09 8.24 8.74 9.64 8.03 9.80 11.40 11.55 5.68 4.87 6.14 4.78 8.00
1961 10.41 10.60 10.68 8.20 10.41 5.56 7.18 7.91 7.62 9.09 6.60 4.26 8.21
1962 -0.48 0.93 2.57 3.84 4.04 8.36 6.89 8.42 7.45 7.79 13.24 16.91 6.66
1963 18.09 16.22 13.62 15.30 11.82 15.44 28.52 26.96 26.80 21.26 24.05 28.51 20.55
1964 32.17 38.30 40.46 38.60 46.76 36.36 18.12 15.19 21.00 28.41 25.56 20.83 30.15
1965 19.65 14.33 12.21 11.67 8.81 13.02 17.60 19.77 15.06 12.04 10.20 9.60 13.66
1966 7.42 8.11 9.60 9.06 9.89 11.06 9.13 10.32 12.90 16.52 15.52 15.26 11.23
1967 13.16 11.65 11.40 13.20 11.21 9.79 10.46 9.55 9.27 8.19 11.70 11.52 10.92
1968 13.09 13.25 12.80 9.79 8.97 10.61 10.36 9.75 8.58 9.76 11.64 11.03 10.80
1969 11.74 10.65 10.40 11.07 11.57 11.52 11.60 11.46 14.45 14.44 13.06 16.29 12.35
1970 14.87 16.47 18.12 20.00 18.02 15.14 15.97 16.18 15.28 14.48 13.01 14.42 16.00
1971 15.86 15.86 15.52 12.61 11.73 13.94 15.15 15.36 14.50 11.41 11.82 9.08 13.57
1972 7.94 9.21 10.18 11.38 13.84 14.65 13.87 14.61 12.83 12.41 10.14 9.19 11.69
1973 7.85 4.84 2.15 2.05 2.21 1.42 0.85 0.31 1.07 2.40 5.58 8.49 3.27
1974 12.78 18.35 22.61 24.21 24.15 23.50 25.54 28.18 29.23 27.82 28.02 26.45 24.24
1975 25.44 21.31 19.11 20.64 24.34 26.94 26.47 25.29 27.53 30.54 27.85 26.45 25.16
1976 23.03 22.18 21.98 19.52 16.09 15.68 15.79 14.49 11.48 8.75 9.46 9.60 15.67
1977 9.72 11.07 10.70 9.62 10.09 10.08 9.38 9.71 9.22 10.08 10.60 10.96 10.10
1978 13.30 12.99 12.90 12.64 12.59 14.60 14.81 13.53 15.49 16.84 17.01 16.40 14.42
1979 14.09 15.69 16.27 19.30 21.80 19.63 18.47 18.63 17.86 17.64 18.80 21.20 18.28
1980 25.39 26.41 28.78 26.62 26.65 27.02 27.45 29.16 29.78 32.51 31.26 32.20 28.60
1981 28.76 24.40 22.26 22.41 21.32 23.17 23.38 22.60 21.90 18.32 16.64 13.69 21.57
1982 12.41 12.05 10.96 10.18 8.62 6.35 5.56 4.79 3.94 3.95 4.22 4.84 7.32
1983 5.13 5.34 4.74 4.27 3.77 3.06 2.83 2.59 2.27 2.43 2.83 1.96 3.44
1984 1.80 2.01 2.01 2.61 2.15 1.71 1.71 2.15 3.19 2.74 2.75 2.45 2.27
1985 2.11 1.93 1.67 1.47 2.34 2.96 2.96 2.65 2.58 3.40 2.40 3.01 2.46
1986 3.66 3.54 3.63 3.43 3.30 3.00 3.10 2.79 2.27 0.98 1.99 1.39 2.76
1987 0.88 0.49 1.07 1.76 2.71 2.82 2.42 3.98 4.05 5.17 5.17 6.05 3.05
1988 6.23 7.77 8.48 7.66 6.60 7.36 7.86 6.91 6.49 6.12 7.15 7.18 7.15
1989 6.78 5.41 4.62 5.25 6.02 5.54 5.27 5.50 6.18 6.73 6.07 5.07 5.70
1990 7.32 7.62 7.99 8.75 8.58 8.94 9.36 8.98 8.63 8.69 8.61 9.34 8.57
1991 9.16 9.93 10.13 9.41 8.51 8.67 9.04 9.49 9.44 9.31 9.69 9.25 9.34
1992 7.72 6.96 6.78 6.94 7.29 6.79 6.56 5.87 5.66 5.38 4.38 4.46 6.23
1993 4.51 4.57 4.79 4.76 4.47 4.80 4.28 4.44 4.59 5.11 5.48 5.80 4.80
1994 6.35 6.81 6.40 5.94 5.68 5.90 6.88 7.35 6.50 5.75 6.08 5.57 6.27
1995 5.20 4.46 4.62 5.09 5.22 4.17 3.60 3.43 4.68 4.48 4.11 4.75 4.49
1996 4.80 4.79 4.44 4.51 4.90 5.21 5.40 5.27 4.53 5.05 5.26 4.93 4.92
1997 4.69 4.86 4.54 4.31 3.81 4.00 3.70 3.96 4.24 4.24 4.33 6.57 4.44
1998 8.29 9.55 8.96 8.83 8.17 7.52 7.32 6.90 6.87 7.23 6.78 3.97 7.53
1999 1.46 0.17 0.51 0.42 0.76 0.60 0.25 0.94 0.76 1.18 1.35 1.35 0.81
2000 1.89 1.77 2.11 1.44 1.10 2.22 2.98 2.45 3.52 2.64 2.20 2.78 2.26
2001 3.44 3.63 4.01 4.83 5.26 5.03 4.81 4.69 3.25 3.35 3.37 3.16 4.07
2002 2.64 2.63 2.31 2.50 2.98 2.59 2.11 2.38 3.06 2.77 3.45 3.73 2.76
2003 3.81 3.89 4.52 3.75 3.18 2.99 3.19 2.98 3.33 3.71 3.43 3.42 3.52
2004 3.40 3.29 3.07 3.25 3.35 3.63 4.36 4.79 3.85 3.76 3.32 3.04 3.59
2005 3.40 3.36 2.99 3.09 3.08 2.77 2.55 1.97 2.48 2.28 2.49 2.62 2.76
2006 2.22 2.02 2.00 2.00 2.30 2.41 2.40 2.69 2.48 2.19 2.10 2.09 2.24
2007 1.68 2.17 2.16 2.45 2.35 2.55 2.54 2.04 2.32 3.02 3.52 3.61 2.53
2008 3.89 3.58 3.94 4.12 4.87 5.54 5.90 5.61 5.11 4.82 4.53 4.14 4.67
2009 3.75 4.10 3.88 3.58 2.73 1.99 1.62 2.16 2.16 1.98 2.44 2.80 2.77
2010 3.52 2.98 2.46 2.60 2.70 2.69 2.53 2.68 3.41 3.68 2.99 3.03 2.94
2011 3.44 3.94 4.13 3.82 3.91 4.22 4.51 4.69 3.76 3.56 4.17 4.16 4.03
2012 3.35 3.03 2.66 2.55 2.54 2.20 1.48 1.27 2.09 2.09 1.63 1.43 2.19
2013 1.63 1.58 1.46 1.33 1.15 1.17 1.62 1.51 0.98 0.86 1.20 1.14 1.30
2014 1.08 1.01 1.29 1.50 1.67 1.66 1.59 1.41 1.15 1.15 0.97 0.83 1.28
2015 0.97 0.65 0.47 0.44 0.55 0.70 0.74 0.70 0.50 0.81 0.82 1.13 0.71
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
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
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
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
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
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
2022 3.61 3.66 4.14 4.78 5.40 4.32

Monthly Inflation Rates (MoM) | 1952-2022

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

MoM measures are more volatile than YoY because they are influenced by short term events such changes in the monetary policy, stock market crashes or natural disasters.

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg.
1952 8.51 7.36 -12.79 -3.67 8.15 1.51
1953 8.04 14.42 0.41 5.26 -6.92 1.65 8.13 6.39 2.83 -5.16 5.07 12.76 4.41
1954 -4.89 -2.25 6.58 -0.62 -7.45 0.00 10.40 7.60 14.97 11.30 7.95 -1.02 3.55
1955 10.33 3.93 1.08 1.43 4.39 6.06 3.65 3.52 5.18 -6.89 -9.21 2.16 2.14
1956 2.61 3.81 1.99 5.10 9.42 0.91 0.39 3.73 2.48 -4.24 0.76 8.15 2.93
1957 6.50 1.85 2.99 5.71 -2.36 -3.92 -1.68 1.49 -4.41 -4.61 -2.65 -0.35 -0.12
1958 1.66 2.80 -1.25 2.99 2.34 -0.44 -0.44 -0.55 2.21 0.22 -4.21 -1.69 0.30
1959 1.83 1.13 0.67 2.10 1.19 -1.71 -0.65 0.66 5.45 -0.31 -3.84 1.51 0.67
1960 0.96 2.21 1.13 2.95 -0.30 -0.10 0.79 0.79 -0.10 -1.08 -2.67 0.20 0.40
1961 6.38 2.38 1.21 0.64 1.74 -4.49 2.35 1.47 -0.36 0.27 -4.89 -2.00 0.39
1962 1.55 3.83 2.86 1.88 1.94 -0.52 0.95 2.92 -1.25 0.59 -0.08 1.18 1.32
1963 2.58 2.19 0.56 3.39 -1.14 2.70 12.40 1.67 -1.38 -3.80 2.22 4.81 2.18
1964 5.50 6.93 2.12 2.02 4.68 -4.57 -2.64 -0.85 3.60 2.09 -0.05 0.86 1.64
1965 4.47 2.18 0.22 1.53 2.00 -0.88 1.30 0.98 -0.47 -0.59 -1.69 0.31 0.78
1966 2.39 2.83 1.61 1.04 2.77 0.17 -0.46 2.07 1.86 2.60 -2.53 0.08 1.20
1967 0.52 1.46 1.38 2.67 0.97 -1.11 0.16 1.22 1.60 1.59 0.62 -0.08 0.92
1968 1.93 1.60 0.98 -0.07 0.22 0.38 -0.07 0.66 0.52 2.70 2.34 -0.62 0.88
1969 2.59 0.61 0.75 0.54 0.66 0.34 0.00 0.53 3.22 2.69 1.11 2.22 1.27
1970 1.34 2.01 2.18 2.13 -1.00 -2.11 0.72 0.70 2.43 1.97 -0.18 3.49 1.14
1971 2.62 2.01 1.88 -0.44 -1.77 -0.17 1.80 0.89 1.66 -0.78 0.18 0.95 0.73
1972 1.55 3.20 2.79 0.64 0.40 0.55 1.10 1.55 0.08 -1.15 -1.85 0.07 0.74
1973 0.31 0.32 0.16 0.54 0.55 -0.23 0.54 1.00 0.84 0.15 1.20 2.83 0.68
1974 4.28 5.28 3.76 1.85 0.50 -0.75 2.19 3.13 1.66 -0.94 1.35 1.57 1.99
1975 3.45 1.81 1.88 3.15 3.59 1.32 1.82 2.17 3.48 1.40 -0.74 0.46 1.98
1976 0.65 1.10 1.72 1.07 0.62 0.96 1.91 1.02 0.76 -1.09 -0.08 0.59 0.77
1977 0.76 2.34 1.39 0.08 1.05 0.96 1.27 1.32 0.31 -0.31 0.38 0.92 0.87
1978 2.88 2.07 1.30 -0.14 1.00 2.76 1.45 0.20 2.03 0.86 0.53 0.39 1.28
1979 0.85 3.50 1.81 2.45 3.11 0.93 0.46 0.34 1.37 0.68 1.51 2.43 1.62
1980 4.33 4.34 3.72 0.74 3.14 1.22 0.80 1.69 1.86 2.79 0.56 3.16 2.36
1981 1.62 0.80 1.94 0.86 2.22 2.76 0.98 1.05 1.28 -0.24 -0.87 0.56 1.08
1982 0.48 0.47 0.94 0.16 0.78 0.61 0.23 0.31 0.46 -0.23 -0.61 1.15 0.40
1983 0.76 0.67 0.37 -0.30 0.30 -0.07 0.00 0.07 0.15 -0.07 -0.22 0.30 0.16
1984 0.59 0.89 0.37 0.29 -0.15 -0.51 0.00 0.51 1.16 -0.50 -0.22 0.00 0.20
1985 0.26 0.71 0.10 0.10 0.71 0.10 0.00 0.20 1.10 0.30 -1.18 0.60 0.25
1986 0.89 0.59 0.20 -0.10 0.59 -0.19 0.10 -0.10 0.58 -0.97 -0.19 0.00 0.12
1987 0.39 0.19 0.78 0.58 1.53 -0.09 -0.28 1.42 0.65 0.09 -0.19 0.84 0.49
1988 0.55 1.65 1.44 -0.18 0.53 0.62 0.18 0.53 0.26 -0.26 0.79 0.87 0.58
1989 0.17 0.34 0.68 0.42 1.27 0.17 -0.08 0.75 0.91 0.25 0.16 -0.08 0.41
1990 2.31 0.62 1.03 1.13 1.11 0.50 0.30 0.40 0.59 0.29 0.10 0.58 0.75
1991 2.14 1.34 1.22 0.46 0.28 0.64 0.64 0.82 0.54 0.18 0.45 0.18 0.74
1992 0.72 0.62 1.06 0.61 0.61 0.17 0.43 0.17 0.34 -0.09 -0.51 0.26 0.36
1993 0.77 0.68 1.26 0.58 0.33 0.49 -0.08 0.33 0.49 0.41 -0.16 0.57 0.47
1994 1.29 1.11 0.87 0.16 0.08 0.70 0.85 0.77 -0.31 -0.30 0.15 0.08 0.45
1995 0.94 0.41 1.02 0.60 0.20 -0.30 0.30 0.60 0.89 -0.49 -0.20 0.69 0.39
1996 0.98 0.39 0.68 0.68 0.58 0.00 0.48 0.47 0.19 0.00 0.00 0.38 0.40
1997 0.75 0.56 0.37 0.46 0.09 0.18 0.18 0.73 0.46 0.00 0.09 2.53 0.53
1998 2.38 1.72 -0.17 0.34 -0.51 -0.42 0.00 0.34 0.43 0.34 -0.34 -0.17 0.33
1999 -0.08 0.42 0.17 0.25 -0.17 -0.59 -0.34 1.02 0.25 0.76 -0.17 -0.17 0.11
2000 0.44 0.31 0.50 -0.40 -0.50 0.51 0.40 0.50 1.30 -0.10 -0.59 0.40 0.23
2001 1.09 0.49 0.88 0.38 -0.10 0.29 0.19 0.38 -0.10 0.00 -0.57 0.19 0.26
2002 0.57 0.48 0.57 0.57 0.37 -0.09 -0.28 0.66 0.56 -0.28 0.09 0.46 0.31
2003 0.65 0.55 1.19 -0.18 -0.18 -0.27 -0.09 0.45 0.90 0.09 -0.18 0.45 0.28
2004 0.62 0.44 0.97 0.00 -0.09 0.00 0.61 0.87 0.00 0.00 -0.60 0.17 0.25
2005 0.98 0.40 0.60 0.10 -0.10 -0.30 0.40 0.30 0.50 -0.20 -0.40 0.30 0.22
2006 0.60 0.20 0.59 0.10 0.20 -0.19 0.39 0.59 0.29 -0.48 -0.48 0.29 0.17
2007 0.19 0.68 0.58 0.38 0.10 0.00 0.38 0.09 0.57 0.19 0.00 0.38 0.30
2008 0.47 0.38 0.93 0.56 0.83 0.64 0.73 -0.18 0.09 -0.09 -0.27 0.00 0.34
2009 0.09 0.72 0.72 0.27 0.00 -0.09 0.36 0.35 0.09 -0.27 0.18 0.35 0.23
2010 0.79 0.20 0.20 0.40 0.10 -0.10 0.20 0.50 0.80 0.00 -0.49 0.40 0.25
2011 1.19 0.68 0.39 0.10 0.19 0.19 0.48 0.67 -0.10 -0.19 0.10 0.38 0.34
2012 0.40 0.38 0.03 -0.01 0.18 -0.14 -0.23 0.46 0.72 -0.19 -0.36 0.18 0.12
2013 0.60 0.33 -0.09 -0.14 0.00 -0.12 0.21 0.35 0.19 -0.31 -0.02 0.12 0.10
2014 0.54 0.27 0.18 0.06 0.16 -0.13 0.15 0.17 -0.06 -0.30 -0.20 -0.01 0.07
2015 0.68 -0.06 0.01 0.03 0.28 0.02 0.18 0.14 -0.26 0.00 -0.19 0.30 0.09
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
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
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
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
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
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
2022 0.62 0.58 0.72 0.74 0.66 0.67

← South Korea Current Inflation Rate

← Inflation Rates by country