South Korea vs Japan: Inflation Comparison

Compare cumulative inflation, annual rates and purchasing power between South Korea and Japan from 2000 to 2025, based on World Bank CPI data.

Cumulative inflation in South Korea was 80.8% between 2000 and 2025, according to World Bank CPI data (FP.CPI.TOTL).

Over the same period, cumulative inflation in Japan was 11.4%.

VS

South Korea

KRW
+80.8% Total Inflation
2.50% Avg Annual Rate
-44.7% Purchasing Power Lost
VS

Japan

JPY
+11.4% Total Inflation
0.45% Avg Annual Rate
-10.3% Purchasing Power Lost
🏆
Japan had lower cumulative inflation — 69.4 percentage points less than the other country.

CPI Comparison Chart

Year-by-Year Comparison

Year South Korea CPI South Korea (Change) Japan CPI Japan (Change)
2000 73.11 - 102.67 -
2001 76.09 +4.1% 101.91 -0.7%
2002 78.19 +2.8% 100.97 -0.9%
2003 80.94 +3.5% 100.71 -0.3%
2004 83.84 +3.6% 100.70 0.0%
2005 86.15 +2.8% 100.41 -0.3%
2006 88.08 +2.2% 100.66 +0.2%
2007 90.32 +2.5% 100.72 +0.1%
2008 94.54 +4.7% 102.12 +1.4%
2009 97.14 +2.8% 100.73 -1.4%
2010 100.00 +2.9% 100.00 -0.7%
2011 104.03 +4.0% 99.73 -0.3%
2012 106.30 +2.2% 99.68 0.0%
2013 107.68 +1.3% 100.02 +0.3%
2014 109.06 +1.3% 102.78 +2.8%
2015 109.83 +0.7% 103.59 +0.8%
2016 110.89 +1.0% 103.46 -0.1%
2017 113.05 +1.9% 103.96 +0.5%
2018 114.72 +1.5% 104.99 +1.0%
2019 115.16 +0.4% 105.48 +0.5%
2020 105.77 -8.2% 101.09 -4.2%
2021 109.68 +3.7% 101.30 +0.2%
2022 115.20 +5.0% 107.84 +6.5%
2023 118.85 +3.2% 111.36 +3.3%
2024 132.20 +11.2% 114.41 +2.7%

Inflation by Decade: South Korea vs Japan

Year-by-year CPI and inflation for South Korea and Japan, 2000–2025
Year South Korea (Total Inflation) South Korea (Avg Annual Rate) Japan (Total Inflation) Japan (Avg Annual Rate)
1960s +214.4% 13.57% +61.1% 5.44%
1970s +250.4% 14.95% +119.1% 9.11%
1980s +69.1% 6.01% +18.9% 1.94%
1990s +60.5% 5.40% +9.3% 1.00%
2000s +32.9% 3.21% -1.9% -0.21%
2010s +15.2% 1.58% +5.5% 0.60%
2020s +25.0% 5.73% +13.2% 3.14%

The inflation gap between South Korea and Japan widened to 69.4 percentage points from 2000 to 2025.

₩100 in South Korea in 2000 lost roughly the same relative value as ¥61.63 in Japan.

South Korea's highest annual inflation was 11.2% in 2024; Japan's was 6.5% in 2022.

Frequently Asked Questions

Which had higher inflation, South Korea or Japan?

Between 2000 and 2025, South Korea had higher cumulative inflation (80.81%) than Japan (11.44%), according to World Bank CPI data.

What was cumulative inflation in South Korea from 2000 to 2025?

Prices in South Korea rose 80.81% cumulatively, an average of 2.5% per year.

What was cumulative inflation in Japan from 2000 to 2025?

Prices in Japan rose 11.44% cumulatively, an average of 0.45% per year.

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Between 2000 and 2025, Japan had lower cumulative inflation (11.4%) than South Korea (80.8%).

Source: World Bank, CPI (FP.CPI.TOTL)
Data verified: January 17, 2026 · How to cite this

Main version of this comparison: Japan vs South Korea

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