Inflation Rate (CPI): Korea, Republic of
Korea, Republic of's inflation rate (cpi) is currently 1.8% as of 2026. # Korea, Republic of Inflation Rate (CPI) South Korea's inflation rate stands at 1.
Current (2026)
1.8%
-10.0% y/y
Peak (1980)
28.7%
Low (2019)
0.4%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Inflation Rate (CPI) — Korea, Republic of
1980 — 2026
Inflation Rate (CPI) — Korea, Republic of
Analysis# Korea, Republic of Inflation Rate (CPI)
South Korea's inflation rate stands at 1.8% in 2026, reflecting a dramatic decline from its all-time peak of 28.7% in 1980. The country has achieved a 93.7% reduction in inflation over the past four decades, with the rate bottoming out at just 0.4% in 2019. This long-term stabilization demonstrates the success of monetary policy and economic management in controlling price growth.
Recent years reveal cyclical volatility within a generally moderate range. Inflation spiked to 5.1% in 2022 amid global supply chain disruptions, then gradually moderated to 2.3% in 2024 and 1.8% in 2026. The current downward trajectory suggests cooling demand and effective central bank intervention, positioning South Korea's inflation within comfortable bounds for the foreseeable future.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 2.0% | +0.00% |
| 2029 | 2.0% | +0.00% |
| 2028 | 2.0% | +0.00% |
| 2027 | 2.0% | +11.11% |
| 2026 | 1.8% | -10.00% |
| 2025 | 2.0% | -13.04% |
| 2024 | 2.3% | -36.11% |
| 2023 | 3.6% | -29.41% |
| 2022 | 5.1% | +104.00% |
| 2021 | 2.5% | +400.00% |
| 2020 | 0.5% | +25.00% |
| 2019 | 0.4% | -73.33% |
| 2018 | 1.5% | -21.05% |
| 2017 | 1.9% | +90.00% |
| 2016 | 1.0% | +42.86% |
| 2015 | 0.7% | -46.15% |
| 2014 | 1.3% | +0.00% |
| 2013 | 1.3% | -40.91% |
| 2012 | 2.2% | -45.00% |
| 2011 | 4.0% | +37.93% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 2.9% | +3.57% |
| 2009 | 2.8% | -40.43% |
| 2008 | 4.7% | +88.00% |
| 2007 | 2.5% | +13.64% |
| 2006 | 2.2% | -21.43% |
| 2005 | 2.8% | -22.22% |
| 2004 | 3.6% | +2.86% |
| 2003 | 3.5% | +25.00% |
| 2002 | 2.8% | -31.71% |
| 2001 | 4.1% | +78.26% |
| 2000 | 2.3% | +187.50% |
| 1999 | 0.8% | -89.33% |
| 1998 | 7.5% | +70.45% |
| 1997 | 4.4% | -10.20% |
| 1996 | 4.9% | +8.89% |
| 1995 | 4.5% | -28.57% |
| 1994 | 6.3% | +31.25% |
| 1993 | 4.8% | -22.58% |
| 1992 | 6.2% | -33.33% |
| 1991 | 9.3% | +8.14% |
| 1990 | 8.6% | +50.88% |
| 1989 | 5.7% | -19.72% |
| 1988 | 7.1% | +136.67% |
| 1987 | 3.0% | +7.14% |
| 1986 | 2.8% | +12.00% |
| 1985 | 2.5% | +8.70% |
| 1984 | 2.3% | -32.35% |
| 1983 | 3.4% | -52.78% |
| 1982 | 7.2% | -66.36% |
| 1981 | 21.4% | -25.44% |
| 1980 | 28.7% | — |
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