Inflation South Korea 2007
Average inflation: 2.5%
Inflation in 2007
Inflation is normal at 2.5%, around the ECB target.
Peak and Trough
The highest inflation was in December at 3.6%. The lowest inflation was in January at 1.7%.
- Highest month
- December: 3.6%
- Lowest month
- January: 1.7%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 6.0%. The lowest price increase was in Communication with an average of -2.0%.
- Highest increase
- Education: 6.0%
- Lowest increase
- Communication: -2.0%
Historical Context
Inflation is around the 5-year average of 2.9%.
- 5-year average
- 2.9%
- 10-year average
- 3.2%
- All-time high (1991)
- 9.3%
- All-time low (1999)
- 0.8%
Trend
Over the period 2005-2007, inflation has remained relatively stable. Compared to 2006, inflation has risen by 0.3 percentage points.
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- December: +1.5 percentage points
ECB Target
Inflation is 0.5 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 ₩102 next year at this inflation rate.
Multi-year trend
Monthly figures 2007
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2006 |
|---|---|---|
| January | 1.7% | -0.5 |
| February | 2.2% | +0.2 |
| March | 2.2% | +0.2 |
| April | 2.4% | +0.4 |
| May | 2.3% | 0.0 |
| June | 2.5% | +0.1 |
| July | 2.5% | +0.1 |
| August | 2.0% | -0.7 |
| September | 2.3% | -0.2 |
| October | 3.0% | +0.8 |
| November | 3.5% | +1.4 |
| December | 3.6% | +1.5 |
| Average | 2.5% |
Data source
Data from OECD. Last updated: 13/01/2026.