Singapore vs South Korea: Inflation Comparison
Compare cumulative inflation, annual rates and purchasing power between Singapore and South Korea from 2000 to 2026, based on World Bank CPI data.
Cumulative inflation in Singapore was 56.3% 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%.
Singapore
SGDSouth Korea
KRWCPI Comparison Chart
Year-by-Year Comparison
| Year | Singapore CPI | Singapore (Change) | South Korea CPI | South Korea (Change) |
|---|---|---|---|---|
| 2000 | 85.19 | - | 73.11 | - |
| 2001 | 86.04 | +1.0% | 76.09 | +4.1% |
| 2002 | 85.70 | -0.4% | 78.19 | +2.8% |
| 2003 | 86.14 | +0.5% | 80.94 | +3.5% |
| 2004 | 87.57 | +1.7% | 83.84 | +3.6% |
| 2005 | 87.94 | +0.4% | 86.15 | +2.8% |
| 2006 | 88.79 | +1.0% | 88.08 | +2.2% |
| 2007 | 90.66 | +2.1% | 90.32 | +2.5% |
| 2008 | 96.68 | +6.6% | 94.54 | +4.7% |
| 2009 | 97.25 | +0.6% | 97.14 | +2.8% |
| 2010 | 100.00 | +2.8% | 100.00 | +2.9% |
| 2011 | 105.25 | +5.3% | 104.03 | +4.0% |
| 2012 | 110.07 | +4.6% | 106.30 | +2.2% |
| 2013 | 112.68 | +2.4% | 107.68 | +1.3% |
| 2014 | 113.84 | +1.0% | 109.06 | +1.3% |
| 2015 | 113.25 | -0.5% | 109.83 | +0.7% |
| 2016 | 112.65 | -0.5% | 110.89 | +1.0% |
| 2017 | 113.29 | +0.6% | 113.05 | +1.9% |
| 2018 | 113.79 | +0.4% | 114.72 | +1.5% |
| 2019 | 114.44 | +0.6% | 115.16 | +0.4% |
| 2020 | 114.24 | -0.2% | 105.77 | -8.2% |
| 2021 | 116.89 | +2.3% | 109.68 | +3.7% |
| 2022 | 124.05 | +6.1% | 115.20 | +5.0% |
| 2023 | 130.05 | +4.8% | 118.85 | +3.2% |
| 2024 | 133.16 | +2.4% | 132.20 | +11.2% |
Inflation by Decade: Singapore vs South Korea
| Year | Singapore (Total Inflation) | Singapore (Avg Annual Rate) | South Korea (Total Inflation) | South Korea (Avg Annual Rate) |
|---|---|---|---|---|
| 1960s | +11.1% | 1.18% | +214.4% | 13.57% |
| 1970s | +72.4% | 6.23% | +250.4% | 14.95% |
| 1980s | +20.8% | 2.12% | +69.1% | 6.01% |
| 1990s | +17.0% | 1.76% | +60.5% | 5.40% |
| 2000s | +14.2% | 1.48% | +32.9% | 3.21% |
| 2010s | +14.4% | 1.51% | +15.2% | 1.58% |
| 2020s | +16.6% | 3.90% | +25.0% | 5.73% |
The inflation gap between Singapore and South Korea widened to 24.5 percentage points from 2000 to 2026.
$100 in Singapore in 2000 lost roughly the same relative value as ₩115.67 in South Korea.
Singapore's highest annual inflation was 6.6% in 2008; South Korea's was 11.2% in 2024.
Frequently Asked Questions
Which had higher inflation, Singapore or South Korea?
Between 2000 and 2026, South Korea had higher cumulative inflation (80.81%) than Singapore (56.31%), according to World Bank CPI data.
What was cumulative inflation in Singapore from 2000 to 2026?
Prices in Singapore rose 56.31% cumulatively, an average of 1.88% 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, Singapore had lower cumulative inflation (56.3%) than South Korea (80.8%).