Inflation rate in South Korea
Annual inflation in South Korea was 2.9% in September 2026: consumer prices compared with the same month a year earlier. The month before, it was 3.1%.
Inflation by month in South Korea
Monthly figures: national statistics compiled by the Bank for International Settlements (consumer prices, change on a year earlier).
Inflation by year in South Korea
| Year | Inflation |
|---|---|
| 2025 | 2.1% |
| 2024 | 2.3% |
| 2023 | 3.6% |
| 2022 | 5.1% |
| 2021 | 2.5% |
| 2020 | 0.5% |
| 2019 | 0.4% |
| 2018 | 1.5% |
| 2017 | 1.9% |
| 2016 | 1.0% |
| 2015 | 0.7% |
| 2014 | 1.3% |
| 2013 | 1.3% |
| 2012 | 2.2% |
| 2011 | 4.0% |
| 2010 | 2.9% |
| 2009 | 2.8% |
| 2008 | 4.7% |
| 2007 | 2.5% |
| 2006 | 2.2% |
| 2005 | 2.8% |
| 2004 | 3.6% |
| 2003 | 3.5% |
| 2002 | 2.8% |
| 2001 | 4.1% |
Yearly figures: World Bank, inflation, consumer prices (annual %).
The real interest rate is the central bank’s policy rate minus the latest inflation rate: a plain difference, not a forecast.
Frequently asked questions
What is the inflation rate in South Korea?
Annual inflation in South Korea was 2.9% in September 2026 (consumer prices compared with a year earlier).
What was the inflation rate in South Korea in 2025?
Inflation in South Korea was 2.1% in 2025 (World Bank, consumer prices, annual average).
What was the inflation rate in South Korea in 2020?
Inflation in South Korea was 0.5% in 2020 (World Bank, consumer prices, annual average).
What was the inflation rate in South Korea in 2015?
Inflation in South Korea was 0.7% in 2015 (World Bank, consumer prices, annual average).
What is the real interest rate in South Korea?
The policy rate is 3.00% and inflation 2.9%, so the real interest rate is about 0.1%.
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