Inflation South Korea 2005
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in January at 3.4%. The lowest inflation was in August at 2.0%.
- Highest month
- January: 3.4%
- Lowest month
- August: 2.0%
- Difference
- 1.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 14.9%. The lowest price increase was in Communication with an average of -1.8%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 14.9%
- Lowest increase
- Communication: -1.8%
Historical Context
Current inflation is 0.6% lower than the 5-year average of 3.4%.
- 5-year average
- 3.4%
- 10-year average
- 3.7%
- All-time high (1991)
- 9.3%
- All-time low (1999)
- 0.8%
Trend
Inflation has remained relatively stable. Compared to 2004, the difference is minimal (-0.8 percentage point).
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- August: -2.8 percentage points
ECB Target
Inflation is 0.8% 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 €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2005
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2004 |
|---|---|---|
| January | 3.4% | 0.0 |
| February | 3.4% | +0.1 |
| March | 3.0% | -0.1 |
| April | 3.1% | -0.2 |
| May | 3.1% | -0.2 |
| June | 2.8% | -0.8 |
| July | 2.6% | -1.8 |
| August | 2.0% | -2.8 |
| September | 2.5% | -1.4 |
| October | 2.3% | -1.5 |
| November | 2.5% | -0.8 |
| December | 2.6% | -0.4 |
| Average | 2.8% |
Data source
Data from OECD. Last updated: 11/01/2026.