All Items, Consumer price index (CPI), Period average, percent change in Korea
Korea: All Items, Consumer price index (CPI), Period average, percent change was 2 in 2031. ◆ Volatile
All Items, Consumer price index (CPI), Period average, percent change in Korea, 1980–2031
Source: International Monetary Fund.
Analysis
In 2031, all items, consumer price index (cpi), period average, percent change in Korea stood at 2.
That represents a change of down 19.9% over ten years.
Over the whole period, all items, consumer price index (cpi), period average, percent change in Korea peaked at 28.7 in 1980 and was at its lowest, 0.383, in 2019.
Korea ranks 17th of 26 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
All Items, Consumer price index (CPI), Period average, percent change in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 28.7 | — |
| 1981 | 21.35 | -25.6% |
| 1982 | 7.19 | -66.3% |
| 1983 | 3.42 | -52.4% |
| 1984 | 2.27 | -33.5% |
| 1985 | 2.46 | +8.2% |
| 1986 | 2.75 | +11.8% |
| 1987 | 3.05 | +10.8% |
| 1988 | 7.15 | +134.5% |
| 1989 | 5.7 | -20.2% |
| 1990 | 8.57 | +50.4% |
| 1991 | 9.33 | +8.9% |
| 1992 | 6.21 | -33.4% |
| 1993 | 4.8 | -22.7% |
| 1994 | 6.27 | +30.5% |
| 1995 | 4.48 | -28.5% |
| 1996 | 4.92 | +9.9% |
| 1997 | 4.44 | -9.9% |
| 1998 | 7.51 | +69.3% |
| 1999 | 0.813 | -89.2% |
| 2000 | 2.26 | +177.9% |
| 2001 | 4.07 | +80.0% |
| 2002 | 2.76 | -32.1% |
| 2003 | 3.51 | +27.2% |
| 2004 | 3.59 | +2.2% |
| 2005 | 2.75 | -23.3% |
| 2006 | 2.24 | -18.6% |
| 2007 | 2.53 | +13.0% |
| 2008 | 4.67 | +84.4% |
| 2009 | 2.76 | -41.0% |
| 2010 | 2.94 | +6.6% |
| 2011 | 4.03 | +37.0% |
| 2012 | 2.19 | -45.7% |
| 2013 | 1.3 | -40.5% |
| 2014 | 1.27 | -2.0% |
| 2015 | 0.7063 | -44.6% |
| 2016 | 0.9717 | +37.6% |
| 2017 | 1.94 | +100.1% |
| 2018 | 1.48 | -24.1% |
| 2019 | 0.383 | -74.0% |
| 2020 | 0.5373 | +40.3% |
| 2021 | 2.5 | +365.0% |
| 2022 | 5.09 | +103.7% |
| 2023 | 3.6 | -29.3% |
| 2024 | 2.32 | -35.5% |
| 2025 | 2.12 | -8.6% |
| 2026 | 2.5 | +17.6% |
| 2027 | 1.87 | -25.2% |
| 2028 | 2 | +7.1% |
| 2029 | 2 | +0.0% |
| 2030 | 2 | +0.0% |
| 2031 | 2 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.4 | 2.27 | 28.7 | 10 |
| 1990s | 5.74 | 0.813 | 9.33 | 10 |
| 2000s | 3.12 | 2.24 | 4.67 | 10 |
| 2010s | 1.72 | 0.383 | 4.03 | 10 |
| 2020s | 2.45 | 0.5373 | 5.09 | 10 |
| 2030s | 2 | 2 | 2 | 2 |
Countries ranked near Korea
- 14 Maldives 2.3 compare
- 15 Montenegro 2.22 compare
- 16 Latvia 2.2 compare
- 17 United Arab Emirates 2 compare
- 17 Spain 2 compare
- 17 Saudi Arabia 2 compare
More economy & growth data for Korea
- Foreign direct investment, net outflows (BoP, current US$), gaps 41.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.022 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 797.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.80 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.87 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0084 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 305.78 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.39 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.2332 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 8,447 includes gold, current US$ per person (2025)
Frequently asked questions
- What is all items, consumer price index (cpi), period average, percent change in Korea?
- All items, consumer price index (cpi), period average, percent change in Korea was 2 in 2031, according to International Monetary Fund.
- What is the highest all items, consumer price index (cpi), period average, percent change recorded in Korea?
- The highest recorded value was 28.7 in 1980.
- What is the lowest all items, consumer price index (cpi), period average, percent change recorded in Korea?
- The lowest recorded value was 0.383 in 2019.
- How does Korea rank for all items, consumer price index (cpi), period average, percent change?
- Korea ranks 17th out of 26 countries with data for 2031.
- Is all items, consumer price index (cpi), period average, percent change rising or falling in Korea?
- Over the last ten years it is down 19.9%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from International Monetary Fund, published as part of All Items, Consumer price index (CPI), Period average, percent change (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.