Inflation South Korea 2011
Average inflation: 4.0%
Current Inflation
Inflation is high at 4.0%, well above the ECB target.
Peak and Trough
The highest inflation was in August at 4.7%. The lowest inflation was in January at 3.4%.
- Highest month
- August: 4.7%
- Lowest month
- January: 3.4%
- Difference
- 1.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 8.2%. The lowest price increase was in Communication with an average of -1.6%.
- Highest increase
- Food and non-alcoholic beverages: 8.2%
- Lowest increase
- Communication: -1.6%
Historical Context
Current inflation is 0.6% higher than the 5-year average of 3.4%.
- 5-year average
- 3.4%
- 10-year average
- 3.2%
- All-time high (1998)
- 7.5%
- All-time low (1999)
- 0.8%
Trend
Inflation shows an upward trend. Compared to 2010, inflation has risen by +1.1 percentage point.
- Change vs. previous year
- +1.1 percentage points
- Largest monthly swing
- July: +2.0 percentage points
ECB Target
Inflation is 2.0% 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 €104.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2011
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2010 |
|---|---|---|
| January | 3.4% | -0.1 |
| February | 3.9% | +0.9 |
| March | 4.1% | +1.6 |
| April | 3.8% | +1.2 |
| May | 3.9% | +1.2 |
| June | 4.2% | +1.5 |
| July | 4.5% | +2.0 |
| August | 4.7% | +2.0 |
| September | 3.8% | +0.4 |
| October | 3.6% | -0.1 |
| November | 4.2% | +1.2 |
| December | 4.2% | +1.2 |
| Average | 4.0% |
Data source
Data from OECD. Last updated: 13/01/2026.