Inflation South Korea 1978
Average inflation: 14.4%
Current Inflation
Inflation is very high at 14.4%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 17.0%. The lowest inflation was in April at 12.6%.
- Highest month
- November: 17.0%
- Lowest month
- April: 12.6%
- Difference
- 4.4 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 1.9% lower than the 5-year average of 16.3%.
- 5-year average
- 16.3%
- 10-year average
- 16.3%
- All-time high (1975)
- 25.1%
- All-time low (1977)
- 10.1%
Trend
Inflation shows a downward trend. Compared to 1977, inflation has fallen by +4.3 percentage point.
- Change vs. previous year
- +4.3 percentage points
- Largest monthly swing
- October: +6.7 percentage points
ECB Target
Inflation is 12.4% 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 €114.40 next year at this inflation rate.
Multi-year trend
Monthly figures 1978
Month overview
| Month | Inflation | Difference vs. 1977 |
|---|---|---|
| January | 13.3% | +3.6 |
| February | 13.0% | +1.9 |
| March | 12.9% | +2.2 |
| April | 12.6% | +3.0 |
| May | 12.6% | +2.5 |
| June | 14.6% | +4.5 |
| July | 14.8% | +5.4 |
| August | 13.5% | +3.8 |
| September | 15.5% | +6.3 |
| October | 16.8% | +6.7 |
| November | 17.0% | +6.4 |
| December | 16.4% | +5.4 |
| Average | 14.4% |
Data source
Data from OECD. Last updated: 24/11/2025.