Inflation rate (consumer prices): 3% (2010 est.)
2.8% (2009 est.)

Definition: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of October 14, 2011

See Also

Related Data From the International Monetary Fund

Variable: Inflation, average consumer prices

Note: Annual percentages of average consumer prices are year-on-year changes.
Units: Percent change
Country-specific Note: See notes for: Inflation, average consumer prices (Index).
Source: International Monetary Fund - 2011 World Economic Outlook

Year	Inflation, average consumer prices
1980	28.697
1981	21.353
1982	7.19
1983	3.421
1984	2.274
1985	2.459
1986	2.75
1987	3.05
1988	7.146
1989	5.7
1990	8.573
1991	9.334
1992	6.212
1993	4.801
1994	6.266
1995	4.481
1996	4.925
1997	4.439
1998	7.513
1999	0.813
2000	2.259
2001	4.067
2002	2.762
2003	3.515
2004	3.591
2005	2.754
2006	2.242
2007	2.535
2008	4.674
2009	2.757
2010	2.956

Inflation South Korea - consumer price index (CPI)

Graphs - historic inflation

Graph CPI South Korea last year

Graph CPI South Korea long-term

Most recent CPI South Korea (inflation figure) 3.905 %

When we talk about the rate of inflation in South Korea, this often refers to the rate of inflation based on the consumer price index, or CPI for short. The South Korean CPI shows the change in prices of a standard package of goods and services which South Korean households purchase for consumption. In order to measure inflation, an assessment is made of how much the CPI has risen in percentage terms over a give period compared to the CPI in a preceding period. If prices have fallen this is called deflation (negative inflation).