Inflation South Korea 1983
Average inflation: 3.4%
Current Inflation
Inflation is high at 3.4%, well above the ECB target.
Peak and Trough
The highest inflation was in February at 5.3%. The lowest inflation was in December at 2.0%.
- Highest month
- February: 5.3%
- Lowest month
- December: 2.0%
- Difference
- 3.3 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 12.4% lower than the 5-year average of 15.8%. This approaches the lowest level since records began (3.4% in 1983).
- 5-year average
- 15.8%
- 10-year average
- 16.1%
- All-time high (1980)
- 28.6%
- All-time low (1983)
- 3.4%
Trend
Inflation shows a downward trend. Compared to 1982, inflation has fallen by +3.9 percentage point.
- Change vs. previous year
- -3.9 percentage points
- Largest monthly swing
- January: -7.3 percentage points
ECB Target
Inflation is 1.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.40 next year at this inflation rate.
Multi-year trend
Monthly figures 1983
Month overview
| Month | Inflation | Difference vs. 1982 |
|---|---|---|
| January | 5.1% | -7.3 |
| February | 5.3% | -6.8 |
| March | 4.7% | -6.3 |
| April | 4.3% | -5.9 |
| May | 3.8% | -4.8 |
| June | 3.1% | -3.3 |
| July | 2.8% | -2.8 |
| August | 2.6% | -2.2 |
| September | 2.3% | -1.6 |
| October | 2.4% | -1.5 |
| November | 2.8% | -1.4 |
| December | 2.0% | -2.8 |
| Average | 3.4% |
Data source
Data from OECD. Last updated: 24/11/2025.