Inflation Rate Trends and Forecast for South Korea from 1990 to 2029

South Korea's inflation trends reflect its economic transformation and resilience against global economic fluctuations. Inflation was high in the early 1990s, peaking at 9.3% in 1991 due to rapid industrialization and export growth. The Asian financial crisis in 1998 led to an inflation spike of 7.5%, but recovery measures and monetary policy reduced inflation to 0.8% by 1999.

In 2022, inflation reached 5.1%, driven by global energy price increases and supply chain disruptions. Projections indicate a stabilization at 2.0% from 2025 onwards, reflecting effective economic policies and South Korea’s robust position in the global market.