Inflation South Korea 2016
Average inflation: 1.0%
Current Inflation
Inflation is low at 1.0%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in October at 1.5%. The lowest inflation was in July at 0.4%.
- Highest month
- October: 1.5%
- Lowest month
- July: 0.4%
- Difference
- 1.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Miscellaneous goods and services with an average of 3.4%. The lowest price increase was in Transport with an average of -2.2%.
- Highest increase
- Miscellaneous goods and services: 3.4%
- Lowest increase
- Transport: -2.2%
Historical Context
Current inflation is around the 5-year average of 1.3%.
- 5-year average
- 1.3%
- 10-year average
- 2.3%
- All-time high (1998)
- 7.5%
- All-time low (2015)
- 0.7%
Trend
Inflation has remained relatively stable. Compared to 2015, the difference is minimal (+0.3 percentage point).
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- September: +0.8 percentage points
ECB Target
Inflation is 1.0% 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 €101.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 0.6% | -0.4 |
| February | 1.1% | +0.5 |
| March | 0.8% | +0.3 |
| April | 1.0% | +0.6 |
| May | 0.8% | +0.2 |
| June | 0.7% | 0.0 |
| July | 0.4% | -0.3 |
| August | 0.5% | -0.2 |
| September | 1.3% | +0.8 |
| October | 1.5% | +0.7 |
| November | 1.5% | +0.7 |
| December | 1.3% | +0.2 |
| Average | 1.0% |
Data source
Data from OECD. Last updated: 13/01/2026.