Inflation South Korea 1977
Average inflation: 10.1%
Current Inflation
Inflation is very high at 10.1%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 11.1%. The lowest inflation was in September at 9.2%.
- Highest month
- February: 11.1%
- Lowest month
- September: 9.2%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 6.9% lower than the 5-year average of 17.0%. This approaches the lowest level since records began (10.1% in 1977).
- 5-year average
- 17%
- 10-year average
- 17%
- All-time high (1975)
- 25.1%
- All-time low (1977)
- 10.1%
Trend
Inflation shows a downward trend. Compared to 1976, inflation has fallen by +5.6 percentage point.
- Change vs. previous year
- -5.6 percentage points
- Largest monthly swing
- January: -13.3 percentage points
ECB Target
Inflation is 8.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €110.10 next year at this inflation rate.
Multi-year trend
Monthly figures 1977
Month overview
| Month | Inflation | Difference vs. 1976 |
|---|---|---|
| January | 9.7% | -13.3 |
| February | 11.1% | -11.1 |
| March | 10.7% | -11.3 |
| April | 9.6% | -9.9 |
| May | 10.1% | -6.0 |
| June | 10.1% | -5.6 |
| July | 9.4% | -6.4 |
| August | 9.7% | -4.8 |
| September | 9.2% | -2.3 |
| October | 10.1% | +1.4 |
| November | 10.6% | +1.1 |
| December | 11.0% | +1.4 |
| Average | 10.1% |
Data source
Data from OECD. Last updated: 24/11/2025.