Australia vs South Korea: Inflation Comparison
Compare cumulative inflation, annual rates and purchasing power between Australia and South Korea from 2000 to 2026, based on World Bank CPI data.
Cumulative inflation in Australia was 75.7% between 2000 and 2026, according to World Bank CPI data (FP.CPI.TOTL).
Over the same period, cumulative inflation in South Korea was 80.8%.
Australia
AUDSouth Korea
KRWCPI Comparison Chart
Year-by-Year Comparison
| Year | Australia CPI | Australia (Change) | South Korea CPI | South Korea (Change) |
|---|---|---|---|---|
| 2000 | 74.38 | - | 73.11 | - |
| 2001 | 77.65 | +4.4% | 76.09 | +4.1% |
| 2002 | 79.97 | +3.0% | 78.19 | +2.8% |
| 2003 | 82.15 | +2.7% | 80.94 | +3.5% |
| 2004 | 84.08 | +2.3% | 83.84 | +3.6% |
| 2005 | 86.34 | +2.7% | 86.15 | +2.8% |
| 2006 | 89.41 | +3.6% | 88.08 | +2.2% |
| 2007 | 91.49 | +2.3% | 90.32 | +2.5% |
| 2008 | 95.47 | +4.4% | 94.54 | +4.7% |
| 2009 | 97.16 | +1.8% | 97.14 | +2.8% |
| 2010 | 100.00 | +2.9% | 100.00 | +2.9% |
| 2011 | 103.30 | +3.3% | 104.03 | +4.0% |
| 2012 | 105.12 | +1.8% | 106.30 | +2.2% |
| 2013 | 107.70 | +2.4% | 107.68 | +1.3% |
| 2014 | 110.38 | +2.5% | 109.06 | +1.3% |
| 2015 | 112.04 | +1.5% | 109.83 | +0.7% |
| 2016 | 113.48 | +1.3% | 110.89 | +1.0% |
| 2017 | 115.69 | +1.9% | 113.05 | +1.9% |
| 2018 | 117.90 | +1.9% | 114.72 | +1.5% |
| 2019 | 119.80 | +1.6% | 115.16 | +0.4% |
| 2020 | 108.85 | -9.1% | 105.77 | -8.2% |
| 2021 | 112.65 | +3.5% | 109.68 | +3.7% |
| 2022 | 121.48 | +7.8% | 115.20 | +5.0% |
| 2023 | 126.40 | +4.1% | 118.85 | +3.2% |
| 2024 | 129.46 | +2.4% | 132.20 | +11.2% |
| 2025 | 130.67 | +0.9% | - | - |
Inflation by Decade: Australia vs South Korea
| Year | Australia (Total Inflation) | Australia (Avg Annual Rate) | South Korea (Total Inflation) | South Korea (Avg Annual Rate) |
|---|---|---|---|---|
| 1960s | +23.5% | 2.38% | +214.4% | 13.57% |
| 1970s | +144.8% | 10.46% | +250.4% | 14.95% |
| 1980s | +103.1% | 8.19% | +69.1% | 6.01% |
| 1990s | +19.1% | 1.96% | +60.5% | 5.40% |
| 2000s | +30.6% | 3.01% | +32.9% | 3.21% |
| 2010s | +19.8% | 2.03% | +15.2% | 1.58% |
| 2020s | +20.1% | 3.72% | +25.0% | 5.73% |
The inflation gap between Australia and South Korea widened to 5.1 percentage points from 2000 to 2026.
$100 in Australia in 2000 lost roughly the same relative value as ₩102.91 in South Korea.
Australia's highest annual inflation was 7.8% in 2022; South Korea's was 11.2% in 2024.
Frequently Asked Questions
Which had higher inflation, Australia or South Korea?
Between 2000 and 2026, South Korea had higher cumulative inflation (80.81%) than Australia (75.69%), according to World Bank CPI data.
What was cumulative inflation in Australia from 2000 to 2026?
Prices in Australia rose 75.69% cumulatively, an average of 2.28% per year.
What was cumulative inflation in South Korea from 2000 to 2026?
Prices in South Korea rose 80.81% cumulatively, an average of 2.5% per year.
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Calculate Individually
Between 2000 and 2026, Australia had lower cumulative inflation (75.7%) than South Korea (80.8%).