Inflation South Korea 1996
Average inflation: 4.9%
Inflation in 1996
Inflation is high at 4.9%, well above the ECB target.
Peak and Trough
The highest inflation was in July at 5.4%. The lowest inflation was in March at 4.4%.
- Highest month
- July: 5.4%
- Lowest month
- March: 4.4%
- Difference
- 1.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 11.3%. The lowest price increase was in Communication with an average of -0.4%.
- Highest increase
- Education: 11.3%
- Lowest increase
- Communication: -0.4%
Historical Context
Inflation is around the 5-year average of 5.4%.
- 5-year average
- 5.4%
- 10-year average
- 6.1%
- All-time high (1980)
- 28.6%
- All-time low (1984)
- 2.3%
Trend
Over the period 1994-1996, inflation shows a downward trend. Compared to 1995, inflation has risen by 0.4 percentage points.
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- August: +1.9 percentage points
ECB Target
Inflation is 2.9 percentage points 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 ₩105 next year at this inflation rate.
Multi-year trend
Monthly figures 1996
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1995 |
|---|---|---|
| January | 4.8% | -0.4 |
| February | 4.8% | +0.3 |
| March | 4.4% | -0.2 |
| April | 4.5% | -0.6 |
| May | 4.9% | -0.3 |
| June | 5.2% | +1.0 |
| July | 5.4% | +1.8 |
| August | 5.3% | +1.9 |
| September | 4.5% | -0.2 |
| October | 5.0% | +0.5 |
| November | 5.3% | +1.2 |
| December | 4.9% | +0.1 |
| Average | 4.9% |
Data source
Data from OECD. Last updated: 13/01/2026.