Inflation South Korea 1984
Average inflation: 2.3%
Current Inflation
Inflation is normal at 2.3%, around the ECB target.
Peak and Trough
The highest inflation was in September at 3.2%. The lowest inflation was in June at 1.7%.
- Highest month
- September: 3.2%
- Lowest month
- June: 1.7%
- Difference
- 1.5 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 10.3% lower than the 5-year average of 12.6%. This approaches the lowest level since records began (2.3% in 1984).
- 5-year average
- 12.6%
- 10-year average
- 14.7%
- All-time high (1980)
- 28.6%
- All-time low (1984)
- 2.3%
Trend
Inflation shows a downward trend. Compared to 1983, inflation has fallen by +1.1 percentage point.
- Change vs. previous year
- -1.1 percentage points
- Largest monthly swing
- January: -3.3 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €102.30 next year at this inflation rate.
Multi-year trend
Monthly figures 1984
Month overview
| Month | Inflation | Difference vs. 1983 |
|---|---|---|
| January | 1.8% | -3.3 |
| February | 2.0% | -3.3 |
| March | 2.0% | -2.7 |
| April | 2.6% | -1.7 |
| May | 2.2% | -1.6 |
| June | 1.7% | -1.4 |
| July | 1.7% | -1.1 |
| August | 2.2% | -0.4 |
| September | 3.2% | +0.9 |
| October | 2.7% | +0.3 |
| November | 2.8% | 0.0 |
| December | 2.4% | +0.4 |
| Average | 2.3% |
Data source
Data from OECD. Last updated: 24/11/2025.