Inflation South Korea 1991
Average inflation: 9.3%
Current Inflation
Inflation is very high at 9.3%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 10.1%. The lowest inflation was in May at 8.5%.
- Highest month
- March: 10.1%
- Lowest month
- May: 8.5%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 19.6%. The lowest price increase was in Communication with an average of -3.5%.
- Highest increase
- Restaurants and hotels: 19.6%
- Lowest increase
- Communication: -3.5%
Historical Context
Current inflation is 2.5% higher than the 5-year average of 6.8%.
- 5-year average
- 6.8%
- 10-year average
- 5.2%
- All-time high (1980)
- 28.6%
- All-time low (1984)
- 2.3%
Trend
Inflation shows an upward trend. Compared to 1990, inflation has risen by +0.7 percentage point.
- Change vs. previous year
- +0.7 percentage points
- Largest monthly swing
- February: +2.3 percentage points
ECB Target
Inflation is 7.3% 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 €109.30 next year at this inflation rate.
Multi-year trend
Monthly figures 1991
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1990 |
|---|---|---|
| January | 9.2% | +1.9 |
| February | 9.9% | +2.3 |
| March | 10.1% | +2.1 |
| April | 9.4% | +0.7 |
| May | 8.5% | -0.1 |
| June | 8.7% | -0.2 |
| July | 9.0% | -0.4 |
| August | 9.5% | +0.5 |
| September | 9.4% | +0.8 |
| October | 9.3% | +0.6 |
| November | 9.7% | +1.1 |
| December | 9.3% | 0.0 |
| Average | 9.3% |
Data source
Data from OECD. Last updated: 11/01/2026.