Inflation South Korea 2017
Average inflation: 2.0%
Current Inflation
Inflation is normal at 2.0%, around the ECB target.
Peak and Trough
The highest inflation was in August at 2.5%. The lowest inflation was in November at 1.2%.
- Highest month
- August: 2.5%
- Lowest month
- November: 1.2%
- Difference
- 1.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 3.6%. The lowest price increase was in Recreation and culture with an average of 0.1%.
- Highest increase
- Transport: 3.6%
- Lowest increase
- Recreation and culture: 0.1%
Historical Context
Current inflation is 0.7% higher than 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 shows an upward trend. Compared to 2016, inflation has risen by +1.0 percentage point.
- Change vs. previous year
- +1.0 percentage points
- Largest monthly swing
- August: +2.0 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 €102.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 2.2% | +1.6 |
| February | 2.1% | +1.0 |
| March | 2.3% | +1.5 |
| April | 2.0% | +1.0 |
| May | 2.0% | +1.2 |
| June | 1.8% | +1.1 |
| July | 2.2% | +1.8 |
| August | 2.5% | +2.0 |
| September | 2.0% | +0.7 |
| October | 1.8% | +0.3 |
| November | 1.2% | -0.3 |
| December | 1.4% | +0.1 |
| Average | 2.0% |
Data source
Data from OECD. Last updated: 11/01/2026.