Annual inflation, consumer prices in Republic of Korea
Republic of Korea: Annual inflation, consumer prices was 2.3% in 2024. ▼ Falling
Annual inflation, consumer prices in Republic of Korea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual inflation, consumer prices in Republic of Korea is 2.3%, measured in 2024.
The figure is down 35.5% on the previous year and up 82.1% over ten years.
Over the whole period, annual inflation, consumer prices in Republic of Korea peaked at 5.1% in 2022 and was at its lowest, 0.4%, in 2019.
That places Republic of Korea 136th out of 202 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Annual inflation, consumer prices in Republic of Korea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 2.3% | — |
| 2001 | 4.1% | +80.0% |
| 2002 | 2.8% | -32.1% |
| 2003 | 3.5% | +27.2% |
| 2004 | 3.6% | +2.2% |
| 2005 | 2.8% | -23.3% |
| 2006 | 2.2% | -18.6% |
| 2007 | 2.5% | +13.0% |
| 2008 | 4.7% | +84.4% |
| 2009 | 2.8% | -41.0% |
| 2010 | 2.9% | +6.6% |
| 2011 | 4.0% | +37.0% |
| 2012 | 2.2% | -45.7% |
| 2013 | 1.3% | -40.5% |
| 2014 | 1.3% | -2.0% |
| 2015 | 0.7% | -44.6% |
| 2016 | 1.0% | +37.6% |
| 2017 | 1.9% | +100.1% |
| 2018 | 1.5% | -24.1% |
| 2019 | 0.4% | -74.0% |
| 2020 | 0.5% | +40.3% |
| 2021 | 2.5% | +365.0% |
| 2022 | 5.1% | +103.7% |
| 2023 | 3.6% | -29.3% |
| 2024 | 2.3% | -35.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.1% | 2.2% | 4.7% | 10 |
| 2010s | 1.7% | 0.4% | 4.0% | 10 |
| 2020s | 2.8% | 0.5% | 5.1% | 5 |
Countries ranked near Republic of Korea
More development goals data for Republic of Korea
- Red List Index 0.7105 index (2025)
- Number of refugees per 100,000 population, by country of origin 0.2284 per 100,000 people (2025)
- Manufacturing value added per capita 10,025 constant US$ (2025)
- Number of transboundary breeds 49 (2025)
- Number of transboundary breeds (not extinct) 49 (2025)
- Number of transboundary breeds with unknown risk status 15 (2025)
- Number of local breeds with unknown risk status 18 (2025)
- Number of local breeds (not extinct) 86 (2025)
- Number of local breeds kept in the country 86 (2025)
- Infant deaths 556 (2024)
Frequently asked questions
- What is annual inflation, consumer prices in Republic of Korea?
- Annual inflation, consumer prices in Republic of Korea was 2.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual inflation, consumer prices recorded in Republic of Korea?
- The highest recorded value was 5.1% in 2022.
- What is the lowest annual inflation, consumer prices recorded in Republic of Korea?
- The lowest recorded value was 0.4% in 2019.
- How does Republic of Korea rank for annual inflation, consumer prices?
- Republic of Korea ranks 136th out of 202 countries with data for 2024.
- Is annual inflation, consumer prices rising or falling in Republic of Korea?
- Over the last ten years it is up 82.1%. The long-run trend across the full record is falling.
- Where does this Republic of Korea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).