South Korea: Inflation forecast

The latest value from 2030 is 2 percent, unchanged from 2 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for South Korea from 1980 to 2030 is 4.07 percent. The minimum value, 0.61 percent, was reached in 2020 while the maximum of 32.2 percent was recorded in 1980. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Year-on-year percentage changes in end-of-period consumer prices. The series includes actual historical values for past years and forecast values for the current and the next few years.