Korea - Inflation, consumer prices (annual %)

The value for Inflation, consumer prices (annual %) in Korea was 2.50 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 29.46 in 1964 and a minimum value of 0.38 in 2019.

Definition: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 7.97
1961 8.20
1962 6.62
1963 20.69
1964 29.46
1965 13.55
1966 11.26
1967 10.88
1968 10.77
1969 12.39
1970 15.95
1971 13.51
1972 11.69
1973 3.22
1974 24.30
1975 25.25
1976 15.33
1977 10.10
1978 14.46
1979 18.32
1980 28.70
1981 21.35
1982 7.19
1983 3.42
1984 2.27
1985 2.46
1986 2.75
1987 3.05
1988 7.15
1989 5.70
1990 8.57
1991 9.33
1992 6.21
1993 4.80
1994 6.27
1995 4.48
1996 4.92
1997 4.44
1998 7.51
1999 0.81
2000 2.26
2001 4.07
2002 2.76
2003 3.51
2004 3.59
2005 2.75
2006 2.24
2007 2.53
2008 4.67
2009 2.76
2010 2.94
2011 4.03
2012 2.19
2013 1.30
2014 1.27
2015 0.71
2016 0.97
2017 1.94
2018 1.48
2019 0.38
2020 0.54
2021 2.50

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices