Inflation of consumer prices in Republic of Korea
Republic of Korea: Inflation of consumer prices was 2.12 in 2025. ◆ Volatile
Latest (2025)
2.12
Change on year
down 8.6%
World rank
127th
of 190 countries
All-time high
29.46
in 1964
All-time low
0.383
in 2019
Years of data
66
1960–2025
Inflation of consumer prices in Republic of Korea, 1960–2025
Source: Our World in Data.
Analysis
The most recent figure for inflation of consumer prices in Republic of Korea is 2.12, measured in 2025.
The figure is down 8.6% on the previous year and up 200.6% over ten years.
Over the whole period, inflation of consumer prices in Republic of Korea peaked at 29.46 in 1964 and was at its lowest, 0.383, in 2019.
That places Republic of Korea 127th out of 190 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation of consumer prices in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 7.97 | — |
| 1961 | 8.2 | +2.9% |
| 1962 | 6.62 | -19.2% |
| 1963 | 20.69 | +212.6% |
| 1964 | 29.46 | +42.4% |
| 1965 | 13.55 | -54.0% |
| 1966 | 11.26 | -16.9% |
| 1967 | 10.88 | -3.4% |
| 1968 | 10.77 | -1.0% |
| 1969 | 12.39 | +15.0% |
| 1970 | 15.95 | +28.7% |
| 1971 | 13.51 | -15.3% |
| 1972 | 11.69 | -13.5% |
| 1973 | 3.22 | -72.4% |
| 1974 | 24.3 | +654.5% |
| 1975 | 25.25 | +3.9% |
| 1976 | 15.33 | -39.3% |
| 1977 | 10.1 | -34.1% |
| 1978 | 14.46 | +43.2% |
| 1979 | 18.32 | +26.7% |
| 1980 | 28.7 | +56.6% |
| 1981 | 21.35 | -25.6% |
| 1982 | 7.19 | -66.3% |
| 1983 | 3.42 | -52.4% |
| 1984 | 2.27 | -33.5% |
| 1985 | 2.46 | +8.1% |
| 1986 | 2.75 | +11.8% |
| 1987 | 3.05 | +10.9% |
| 1988 | 7.15 | +134.3% |
| 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% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.18 | 6.62 | 29.46 | 10 |
| 1970s | 15.21 | 3.22 | 25.25 | 10 |
| 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 | 2.69 | 0.5373 | 5.09 | 6 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- GNI (current LCU), annual growth rate 4.45 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1,447 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 52.42 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 18.84 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 23.99 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -2.41 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0698 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 2,528 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 1.82 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 99.26 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is inflation of consumer prices in Republic of Korea?
- Inflation of consumer prices in Republic of Korea was 2.12 in 2025, according to Our World in Data.
- What is the highest inflation of consumer prices recorded in Republic of Korea?
- The highest recorded value was 29.46 in 1964.
- What is the lowest inflation of consumer prices recorded in Republic of Korea?
- The lowest recorded value was 0.383 in 2019.
- How does Republic of Korea rank for inflation of consumer prices?
- Republic of Korea ranks 127th out of 190 countries with data for 2025.
- Is inflation of consumer prices rising or falling in Republic of Korea?
- Over the last ten years it is up 200.6%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Our World in Data, published as part of Inflation of consumer prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (Our World in Data).