Korea, Rep. — Inflation
Inflation, Consumer Prices (Annual %) for Korea, Rep., 1960–2025.
Latest value · 2025
2.12%
Inflation, Consumer Prices (Annual %) · annual % · -73.3% since 1960
Inflation for Korea, Rep. was 2.12% in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The highest recorded value was 29.46% in 1964. The lowest was 0.38% in 2019 (about 5.5× the low point). Across that span the compound annual growth rate works out to -2.01% per year.
Korea, Rep. ranks 126 of 187 economies on this measure (1 = highest), putting it in the top 67%. The median for East Asia & Pacific is 2.21%, so Korea, Rep. sits below it. It peaked in 1964 and has fallen 93% since. Over the last decade (2015–2025) the figure moved up 201%.
Key figures
Latest (2025)
2.12%
First (1960)
7.97%
Change
-73.3%
Highest
29.46%
in 1964
Lowest
0.38%
in 2019
Average
7.42%
Annual growth (CAGR)
-2.01%
Years of data
66
Recent years
| Year | annual % |
|---|---|
| 2025 | 2.12% |
| 2024 | 2.32% |
| 2023 | 3.6% |
| 2022 | 5.09% |
| 2021 | 2.5% |
| 2020 | 0.54% |
| 2019 | 0.38% |
| 2018 | 1.48% |
| 2017 | 1.94% |
| 2016 | 0.97% |
| 2015 | 0.71% |
| 2014 | 1.27% |
Reading this correctly. Annual percentage change in the cost to the average consumer of acquiring a basket of goods and services. A negative value means deflation. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.