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Korea - Inflation Rate 2008

Name: Korea Inflation Rate 2008
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Consumer price inflation, annual % · World Bank

4.67% +2.14pp from 2007 Global rank: 43rd

Korea's inflation rate was 4.67% in 2008, increased +2.14pp from 2.53% in 2007. This was the 43rd highest globally.

Global Ranking - 2008▾

Inflation Rate by Country - 2008
Rank	Country	Value	YoY
1st	Sint Maarten (Dutch part)	-0.42%	-109.4%
2nd	Nauru	1.04%	-81.5%
3rd	Japan	1.38%	2,900.2%
4th	Comoros	1.70%	-62.1%
5th	Brunei Darussalam	2.08%	115.4%
6th	Canada	2.37%	10.9%
7th	Switzerland	2.43%	230.1%
8th	Liechtenstein	2.43%	230.3%
9th	Netherlands	2.49%	56.6%
10th	Portugal	2.59%	6.9%
11th	Germany	2.63%	15.7%
12th	France	2.81%	75.3%
13th	Austria	3.22%	46.2%
14th	Albania	3.32%	12.2%
15th	Italy	3.35%	65.3%
16th	Luxembourg	3.40%	28.1%
17th	Denmark	3.42%	106.2%
18th	Sweden	3.44%	104.7%
19th	United Kingdom	3.52%	51.6%
20th	Bahrain	3.53%	8.4%
21st	Morocco	3.71%	88.4%
22nd	Norway	3.75%	426.5%
23rd	United States	3.84%	33.7%
24th	New Zealand	3.96%	66.6%
25th	Ireland	4.04%	39.7%
26th	Finland	4.07%	156.9%
27th	Spain	4.08%	43.3%
28th	Greece	4.15%	38.9%
29th	Poland	4.16%	68.5%
30th	European Union	4.16%	65.9%
31st	Malta	4.26%	511.0%
32nd	San Marino	4.29%	73.5%
33rd	Hong Kong SAR, China	4.30%	111.5%
34th	Tunisia	4.35%	27.0%
35th	Andorra	4.35%	63.5%
36th	Australia	4.35%	84.6%
37th	Gambia, The	4.44%	-17.3%
38th	Belgium	4.49%	146.8%
39th	Bahamas, The	4.49%	86.5%
40th	Israel	4.53%	777.4%
41st	Slovak Republic	4.60%	142.0%
42nd	Cyprus	4.67%	115.8%
43rd	Korea	4.67%	84.4%
44th	Vanuatu	4.84%	23.0%
45th	Algeria	4.86%	32.1%
46th	Congo, Republic of	4.96%	91.1%
47th	Mexico	5.12%	29.1%
48th	Puerto Rico (US)	5.21%	23.2%
49th	Gabon	5.26%	4.7%
50th	St. Kitts and Nevis	5.30%	18.3%
51st	Antigua and Barbuda	5.33%	276.7%
52nd	Cameroon	5.34%	374.5%
53rd	Malaysia	5.44%	168.4%
54th	Thailand	5.47%	152.8%
55th	St. Lucia	5.55%	96.6%
56th	Slovenia	5.65%	54.4%
57th	Brazil	5.68%	56.0%
58th	Peru	5.79%	225.2%
59th	China	5.93%	24.8%
60th	Hungary	6.04%	-24.0%
61st	Croatia	6.08%	128.5%
62nd	Côte d'Ivoire	6.31%	232.7%
63rd	Czechia	6.36%	122.9%
64th	Dominica	6.36%	96.4%
65th	Belize	6.39%	175.9%
66th	Equatorial Guinea	6.55%	134.2%
67th	Singapore	6.64%	214.5%
68th	El Salvador	6.71%	46.5%
69th	Cabo Verde	6.77%	54.0%
70th	Curaçao	6.88%	129.5%
71st	Colombia	7.00%	26.2%
72nd	Mauritania	7.35%	1.3%
73rd	Senegal	7.35%	25.3%
74th	Bosnia and Herzegovina	7.43%	394.8%
75th	Lao PDR	7.63%	63.6%
76th	Fiji	7.73%	60.7%
77th	Romania	7.85%	62.4%
78th	Uruguay	7.88%	-2.9%
79th	Benin	7.95%	514.2%
80th	Grenada	8.03%	108.2%
81st	Guyana	8.10%	-33.6%
82nd	Barbados	8.11%	101.1%
83rd	Sierra Leone	8.21%	-51.6%
84th	Philippines	8.26%	183.5%
85th	Bhutan	8.33%	58.7%
86th	North Macedonia	8.33%	270.1%
87th	India	8.35%	41.1%
88th	Ecuador	8.40%	269.1%
89th	Micronesia, Federated States of	8.42%	131.5%
90th	Argentina	8.59%	-2.8%
91st	Macao SAR, China	8.61%	54.7%
92nd	Togo	8.69%	819.1%
93rd	Malawi	8.71%	9.7%
94th	Chile	8.72%	97.7%
95th	Panama	8.76%	110.1%
96th	Montenegro	8.76%	160.3%
97th	Bangladesh	8.90%	23.6%
98th	Armenia	8.95%	103.0%
99th	Aruba	8.96%	66.2%
100th	Timor-Leste	9.06%	4.9%
101st	Namibia	9.09%	38.9%
102nd	Mali	9.17%	548.6%
103rd	Central African Republic	9.26%	967.9%
104th	Madagascar	9.30%	-9.6%
105th	Kosovo	9.35%	114.5%
106th	Mauritius	9.73%	10.3%
107th	Saudi Arabia	9.87%	98.4%
108th	West Bank and Gaza	9.89%	432.3%
109th	Nepal	9.91%	59.7%
110th	South Africa	9.91%	39.0%
111th	Georgia	10.00%	8.2%
112th	St. Vincent and the Grenadines	10.07%	43.9%
113th	Paraguay	10.15%	24.7%
114th	Indonesia	10.23%	61.8%
115th	Tanzania	10.28%	46.2%
116th	Chad	10.30%	238.4%
117th	Libya	10.36%	66.8%
118th	Estonia	10.36%	53.6%
119th	Tuvalu	10.44%	357.0%
120th	Türkiye	10.44%	19.3%
121st	Tonga	10.45%	107.3%
122nd	Guinea-Bissau	10.46%	126.1%
123rd	Kuwait	10.58%	92.9%
124th	Dominican Republic	10.64%	73.3%
125th	Burkina Faso	10.66%	4,675.0%
126th	Lebanon	10.70%	163.6%
127th	Lesotho	10.72%	16.8%
128th	Papua New Guinea	10.76%	1,081.3%
129th	Lithuania	10.93%	87.8%
130th	Niger	11.31%	18,741.8%
131st	Guatemala	11.36%	66.5%
132nd	Honduras	11.40%	64.4%
133rd	Samoa	11.57%	158.1%
134th	Nigeria	11.58%	115.0%
135th	Djibouti	11.96%	102.8%
136th	Palau	11.97%	296.2%
137th	Trinidad and Tobago	12.03%	52.8%
138th	Maldives	12.04%	77.2%
139th	Uganda	12.05%	97.9%
140th	United Arab Emirates	12.25%	10.1%
141st	Bulgaria	12.35%	63.1%
142nd	Oman	12.38%	110.0%
143rd	Serbia	12.41%	106.8%
144th	Zambia	12.45%	16.8%
145th	Angola	12.48%	1.9%
146th	Eswatini	12.66%	56.7%
147th	Iraq	12.66%	-58.9%
148th	Iceland	12.69%	150.6%
149th	Botswana	12.70%	79.5%
150th	Moldova	12.78%	3.2%
151st	Uzbekistan	13.13%	17.7%
152nd	Costa Rica	13.42%	43.5%
153rd	Kiribati	13.67%	281.9%
154th	Jordan	13.97%	194.5%
155th	Bolivia, Plurinational State of	14.01%	61.3%
156th	Russian Federation	14.11%	56.7%
157th	Sudan	14.30%	-3.1%
158th	Mozambique	14.50%	39.4%
159th	Turkmenistan	14.54%	132.3%
160th	Suriname	14.67%	128.2%
161st	Marshall Islands	14.67%	458.4%
162nd	Belarus	14.84%	76.0%
163rd	Qatar	15.05%	9.5%
164th	Haiti	15.28%	121.1%
165th	Latvia	15.40%	52.8%
166th	Rwanda	15.44%	70.0%
167th	Syrian Arab Republic	15.75%	236.7%
168th	Ghana	16.49%	53.7%
169th	Kazakhstan	17.14%	58.8%
170th	Congo, Democratic Republic of	17.30%	3.8%
171st	Solomon Islands	17.32%	126.3%
172nd	Liberia	17.49%	53.5%
173rd	Egypt, Arab Republic of	18.32%	68.3%
174th	Yemen, Republic of	18.98%	140.1%
175th	Nicaragua	19.83%	78.2%
176th	Pakistan	20.29%	160.8%
177th	Tajikistan	20.47%	55.5%
178th	Azerbaijan	20.85%	24.7%
179th	Jamaica	22.02%	137.1%
180th	Eritrea	22.17%	135.6%
181st	Sri Lanka	22.56%	42.0%
182nd	Guinea	23.07%	0.9%
183rd	Viet Nam	23.12%	175.9%
184th	Cambodia	24.10%	214.3%
185th	Burundi	24.41%	190.1%
186th	Kyrgyz Republic	24.52%	139.7%
187th	Ukraine	25.23%	96.4%
188th	Iran, Islamic Republic of	25.41%	38.0%
189th	Kenya	26.24%	514.4%
190th	Afghanistan	26.42%	204.3%
191st	Myanmar	26.80%	-22.2%
192nd	Mongolia	27.96%	190.2%
193rd	São Tomé and Principe	31.99%	72.5%
194th	Seychelles	36.96%	761.9%
195th	Zimbabwe	156.96%	315.8%

FAQ

What was Korea's inflation rate in 2008?▾

Korea's inflation rate in 2008 was 4.67%. This ranked 43rd globally.

How did Korea's inflation rate change in 2008?▾

Korea's inflation rate increased by 84.4% in 2008 compared to 2007.

Which country had the highest inflation rate in 2008?▾

Zimbabwe had the highest inflation rate in 2008 at 156.96%.

What is the inflation rate of Korea in 2008?▾

The inflation rate of Korea in 2008 was 4.67%. This ranked 43rd globally.

How does 2008 compare to 2007 for Korea's inflation rate?▾

Korea's inflation rate went from 2.53% in 2007 to 4.67% in 2008, a 84.4% increase.

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