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Inflation, average consumer prices (IMF) — all countries

Inflation, average consumer prices (IMF) — South Korea

Inflation, average consumer prices (IMF) in South Korea in 2031 — 2%. Ranked 14 in the world out of 189. Since 1980, the indicator has fallen by 26.7 pp.

2031 2% +0 pp vs 2030
World rank 14of 189
Period maximum 28.7%1980
Period minimum 0.4%2019

Trend over time

1980–2031 · % per year

Inflation, average consumer prices (IMF) — South Korea, 1980–2031010203019801986199219982004201020162022202820311980: 28.7%1981: 21.4%1982: 7.2%1983: 3.4%1984: 2.3%1985: 2.5%1986: 2.8%1987: 3%1988: 7.1%1989: 5.7%1990: 8.6%1991: 9.3%1992: 6.2%1993: 4.8%1994: 6.3%1995: 4.5%1996: 4.9%1997: 4.4%1998: 7.5%1999: 0.8%2000: 2.3%2001: 4.1%2002: 2.8%2003: 3.5%2004: 3.6%2005: 2.8%2006: 2.2%2007: 2.5%2008: 4.7%2009: 2.8%2010: 2.9%2011: 4%2012: 2.2%2013: 1.3%2014: 1.3%2015: 0.7%2016: 1%2017: 1.9%2018: 1.5%2019: 0.4%2020: 0.5%2021: 2.5%2022: 5.1%2023: 3.6%2024: 2.3%2025: 2.1%2026: 2.5%2027: 1.9%2028: 2%2029: 2%2030: 2%2031: 2%
Change over the period: −26.7 pp Annual average: -0.52 pp
Inflation, average consumer prices (IMF) — South Korea, by year South Korea All countries CSV XLSX
Year % Change, pp
2031 2 +0 pp
2030 2 +0 pp
2029 2 +0 pp
2028 2 +0.1 pp
2027 1.9 −0.6 pp
2026 2.5 +0.4 pp
2025 2.1 −0.2 pp
2024 2.3 −1.3 pp
2023 3.6 −1.5 pp
2022 5.1 +2.6 pp
2021 2.5 +2 pp
2020 0.5 +0.1 pp
2019 0.4 −1.1 pp
2018 1.5 −0.4 pp
2017 1.9 +0.9 pp
2016 1 +0.3 pp
2015 0.7 −0.6 pp
2014 1.3 +0 pp
2013 1.3 −0.9 pp
2012 2.2 −1.8 pp
2011 4 +1.1 pp
2010 2.9 +0.1 pp
2009 2.8 −1.9 pp
2008 4.7 +2.2 pp
2007 2.5 +0.3 pp
2006 2.2 −0.6 pp
2005 2.8 −0.8 pp
2004 3.6 +0.1 pp
2003 3.5 +0.7 pp
2002 2.8 −1.3 pp
2001 4.1 +1.8 pp
2000 2.3 +1.5 pp
1999 0.8 −6.7 pp
1998 7.5 +3.1 pp
1997 4.4 −0.5 pp
1996 4.9 +0.4 pp
1995 4.5 −1.8 pp
1994 6.3 +1.5 pp
1993 4.8 −1.4 pp
1992 6.2 −3.1 pp
1991 9.3 +0.7 pp
1990 8.6 +2.9 pp
1989 5.7 −1.4 pp
1988 7.1 +4.1 pp
1987 3 +0.2 pp
1986 2.8 +0.3 pp
1985 2.5 +0.2 pp
1984 2.3 −1.1 pp
1983 3.4 −3.8 pp
1982 7.2 −14.2 pp
1981 21.4 −7.3 pp
1980 28.7 —

Eastern Asia, 2031

The same indicator for neighboring countries — with links to their pages

TW Taiwan 1.5 CN China 2 JP Japan 2 KR South Korea 2 MO Macao 2.2 HK Hong Kong 2.5 MN Mongolia 6.2
Full table for all countries

About the indicator

The average annual change in the consumer price index from the IMF World Economic Outlook database. The IMF brings national series to a common methodology and publishes a five-year forecast, which makes it possible to compare not only current but also expected inflation. For countries with hyperinflation the IMF flags the data separately as estimates.

Source: World Economic Outlook (IMF), license IMF open data.

Other indicators for South Korea

Economy End-of-period inflation

How much prices have risen by December compared with December of the previous year.

South Korea by year Economy Consumer price inflation

The annual change in the consumer price index, in percent.

South Korea by year Economy Consumer price index

The level of consumer prices relative to a base year — the accumulated result of inflation.

South Korea by year Economy Real GDP growth (IMF)

Real GDP growth rates as estimated and projected by the IMF.

South Korea by year
All indicators for South Korea