Inflation South Korea 2014
Average inflation: 1.3%
Current Inflation
Inflation is low at 1.3%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in May at 1.7%. The lowest inflation was in December at 0.8%.
- Highest month
- May: 1.7%
- Lowest month
- December: 0.8%
- Difference
- 0.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Clothing and footwear with an average of 4.0%. The lowest price increase was in Transport with an average of -1.6%.
- Highest increase
- Clothing and footwear: 4.0%
- Lowest increase
- Transport: -1.6%
Historical Context
Current inflation is 1.0% lower than the 5-year average of 2.3%.
- 5-year average
- 2.3%
- 10-year average
- 2.7%
- All-time high (1998)
- 7.5%
- All-time low (1999)
- 0.8%
Trend
Inflation has remained relatively stable. Compared to 2013, the difference is minimal (+0.0 percentage point).
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- February: -0.6 percentage points
ECB Target
Inflation is 0.7% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 1.1% | -0.5 |
| February | 1.0% | -0.6 |
| March | 1.3% | -0.2 |
| April | 1.5% | +0.2 |
| May | 1.7% | +0.6 |
| June | 1.7% | +0.5 |
| July | 1.6% | 0.0 |
| August | 1.4% | -0.1 |
| September | 1.1% | +0.1 |
| October | 1.1% | +0.2 |
| November | 1.0% | -0.2 |
| December | 0.8% | -0.3 |
| Average | 1.3% |
Data source
Data from OECD. Last updated: 11/01/2026.