Inflation South Korea 2006
Average inflation: 2.2%
Current Inflation
Inflation is normal at 2.2%, around the ECB target.
Peak and Trough
The highest inflation was in August at 2.7%. The lowest inflation was in February at 2.0%.
- Highest month
- August: 2.7%
- Lowest month
- February: 2.0%
- Difference
- 0.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Miscellaneous goods and services with an average of 5.2%. The lowest price increase was in Recreation and culture with an average of -2.4%.
- Highest increase
- Miscellaneous goods and services: 5.2%
- Lowest increase
- Recreation and culture: -2.4%
Historical Context
Current inflation is 0.8% lower than the 5-year average of 3.0%.
- 5-year average
- 3%
- 10-year average
- 3.4%
- All-time high (1991)
- 9.3%
- All-time low (1999)
- 0.8%
Trend
Inflation shows a downward trend. Compared to 2005, inflation has fallen by +0.6 percentage point.
- Change vs. previous year
- -0.6 percentage points
- Largest monthly swing
- February: -1.4 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 €102.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2006
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2005 |
|---|---|---|
| January | 2.2% | -1.2 |
| February | 2.0% | -1.4 |
| March | 2.0% | -1.0 |
| April | 2.0% | -1.1 |
| May | 2.3% | -0.8 |
| June | 2.4% | -0.4 |
| July | 2.4% | -0.2 |
| August | 2.7% | +0.7 |
| September | 2.5% | 0.0 |
| October | 2.2% | -0.1 |
| November | 2.1% | -0.4 |
| December | 2.1% | -0.5 |
| Average | 2.2% |
Data source
Data from OECD. Last updated: 13/01/2026.