🇰🇷 South Korea Inflation Calculator – Historical CPI Rates (1960–2026)
See how prices in South Korea have changed since 1960, based on World Bank CPI data.
Between 1960 and 2024, prices in South Korea rose 8,850.6%, an average annual rate of 7.27%. ₩100 in 1960 would need to be ₩8,950.55 in 2024 to keep the same purchasing power.
Calculate South Korea Inflation for Any Amount
Value Over Time
South Korea Inflation: Year by Year
| Year | CPI | ₩100 → | Annual Change |
|---|---|---|---|
| 1960 | 1.48 | ₩100.00 | - |
| 1961 | 1.60 | ₩108.20 | +8.2% |
| 1962 | 1.70 | ₩115.36 | +6.6% |
| 1963 | 2.06 | ₩139.23 | +20.7% |
| 1964 | 2.66 | ₩180.25 | +29.5% |
| 1965 | 3.02 | ₩204.67 | +13.5% |
| 1966 | 3.36 | ₩227.71 | +11.3% |
| 1967 | 3.73 | ₩252.49 | +10.9% |
| 1968 | 4.13 | ₩279.69 | +10.8% |
| 1969 | 4.64 | ₩314.35 | +12.4% |
| 1970 | 5.38 | ₩364.48 | +16.0% |
| 1971 | 6.11 | ₩413.73 | +13.5% |
| 1972 | 6.82 | ₩462.09 | +11.7% |
| 1973 | 7.04 | ₩476.98 | +3.2% |
| 1974 | 8.76 | ₩592.90 | +24.3% |
| 1975 | 10.97 | ₩742.61 | +25.2% |
| 1976 | 12.65 | ₩856.43 | +15.3% |
| 1977 | 13.93 | ₩942.90 | +10.1% |
| 1978 | 15.94 | ₩1,079.24 | +14.5% |
| 1979 | 18.86 | ₩1,277.00 | +18.3% |
| 1980 | 24.27 | ₩1,643.47 | +28.7% |
| 1981 | 29.46 | ₩1,994.38 | +21.4% |
| 1982 | 31.57 | ₩2,137.79 | +7.2% |
| 1983 | 32.65 | ₩2,210.91 | +3.4% |
| 1984 | 33.40 | ₩2,261.19 | +2.3% |
| 1985 | 34.22 | ₩2,316.79 | +2.5% |
| 1986 | 35.16 | ₩2,380.51 | +2.7% |
| 1987 | 36.23 | ₩2,453.10 | +3.0% |
| 1988 | 38.82 | ₩2,628.40 | +7.1% |
| 1989 | 41.03 | ₩2,778.23 | +5.7% |
| 1990 | 44.55 | ₩3,016.41 | +8.6% |
| 1991 | 48.71 | ₩3,297.93 | +9.3% |
| 1992 | 51.74 | ₩3,502.84 | +6.2% |
| 1993 | 54.22 | ₩3,671.01 | +4.8% |
| 1994 | 57.62 | ₩3,901.03 | +6.3% |
| 1995 | 60.20 | ₩4,075.83 | +4.5% |
| 1996 | 63.16 | ₩4,276.54 | +4.9% |
| 1997 | 65.97 | ₩4,466.37 | +4.4% |
| 1998 | 70.92 | ₩4,801.96 | +7.5% |
| 1999 | 71.50 | ₩4,841.00 | +0.8% |
| 2000 | 73.11 | ₩4,950.36 | +2.3% |
| 2001 | 76.09 | ₩5,151.67 | +4.1% |
| 2002 | 78.19 | ₩5,293.98 | +2.8% |
| 2003 | 80.94 | ₩5,480.05 | +3.5% |
| 2004 | 83.84 | ₩5,676.82 | +3.6% |
| 2005 | 86.15 | ₩5,833.15 | +2.8% |
| 2006 | 88.08 | ₩5,963.95 | +2.2% |
| 2007 | 90.32 | ₩6,115.11 | +2.5% |
| 2008 | 94.54 | ₩6,400.92 | +4.7% |
| 2009 | 97.14 | ₩6,577.36 | +2.8% |
| 2010 | 100.00 | ₩6,770.69 | +2.9% |
| 2011 | 104.03 | ₩7,043.28 | +4.0% |
| 2012 | 106.30 | ₩7,197.32 | +2.2% |
| 2013 | 107.68 | ₩7,290.98 | +1.3% |
| 2014 | 109.06 | ₩7,383.93 | +1.3% |
| 2015 | 109.83 | ₩7,436.08 | +0.7% |
| 2016 | 110.89 | ₩7,508.34 | +1.0% |
| 2017 | 113.05 | ₩7,654.32 | +1.9% |
| 2018 | 114.72 | ₩7,767.29 | +1.5% |
| 2019 | 115.16 | ₩7,797.04 | +0.4% |
| 2020 | 105.77 | ₩7,161.05 | -8.2% |
| 2021 | 109.68 | ₩7,425.85 | +3.7% |
| 2022 | 115.20 | ₩7,799.85 | +5.0% |
| 2023 | 118.85 | ₩8,046.81 | +3.2% |
| 2024 | 132.20 | ₩8,950.55 | +11.2% |
World Bank CPI data for South Korea is available from 1960 to 2024.
Quick Reference: value today
What 1960 amounts in South Korea are worth in 2024:
| 1960 | 2024 |
|---|---|
| ₩1 | ₩89.51 |
| ₩10 | ₩895.06 |
| ₩100 | ₩8,951 |
| ₩1,000 | ₩89,506 |
| ₩10,000 | ₩895,055 |
Inflation by Decade in South Korea
| Decade | Cumulative Inflation | Annual Rate |
|---|---|---|
| 1960–1969 | +214.4% | 13.57% |
| 1970–1979 | +250.4% | 14.95% |
| 1980–1989 | +69.1% | 6.01% |
| 1990–1999 | +60.5% | 5.40% |
| 2000–2009 | +32.9% | 3.21% |
| 2010–2019 | +15.2% | 1.58% |
| 2020–2024 | +25.0% | 5.73% |
The sharpest price increase in South Korea came in 1964, when annual inflation reached 29.5%.
The lowest annual change was -8.2% in 2020.
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Understanding Inflation in South Korea
This calculator uses official data from the World Bank (CPI - Consumer Price Index) to calculate the purchasing power of your money over time.
What is the CPI?
The CPI measures the average change in prices that consumers pay for a basket of goods and services.
A Real Example from South Korea
For instance, ₩1,000 in South Korea in 1960 would need to be worth about ₩89,506 in 2024 to keep the same purchasing power — a cumulative change of 8,850.6% over 64 years.
Why is it Important?
- Financial Planning: Compare salaries and investments
- Investment Decisions: Evaluate real returns
- Historical Analysis: Understand past money values
Frequently Asked Questions
What was the inflation rate in South Korea in 2024?
The annual inflation rate in South Korea in 2024 was 11.23%, according to World Bank CPI data.
How much has South Korea inflation been since 1960?
Cumulative inflation in South Korea from 1960 to 2024 was 8850.55% (7.27%/year average).