: For that indicator, The World Bank provides data for South Korea from 1960 to 2017. The average value for South Korea during that period was 8.1 percent with a minumum of 0.7 percent in 2015 and a maximum of 29.5 percent in 1964. See the global rankings for that indicator or use the country comparator to compare trends over time.
Inflation in South Korea and other countries is usually calculated as the percent change in the Consumer Price Index (CPI) from one year to the next. The CPI represents the prices paid by the average urban consumer in each respective country. Inflation can also be calculated with other price indexes such as the Produce Price Index or the so-called GDP deflator.