Korea - Inflation Rate 2022
5.09%
+2.59pp from 2021
Korea's inflation rate was 5.09% in 2022, increased +2.59pp from 2.50% in 2021. This was the 42nd highest globally.
Global Ranking - 2022▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | South Sudan | -6.69% | -122.1% |
| 2nd | Thailand | -1.61% | -230.8% |
| 3rd | Macao SAR, China | 1.05% | 3,632.2% |
| 4th | Nauru | 1.15% | -42.9% |
| 5th | Benin | 1.35% | -22.1% |
| 6th | Bolivia, Plurinational State of | 1.75% | 137.3% |
| 7th | Hong Kong SAR, China | 1.88% | 19.9% |
| 8th | China | 1.97% | 115.0% |
| 9th | Maldives | 2.33% | 995.4% |
| 10th | Saudi Arabia | 2.47% | -19.2% |
| 11th | Japan | 2.50% | 1,162.9% |
| 12th | Oman | 2.51% | 50.6% |
| 13th | Grenada | 2.58% | 111.3% |
| 14th | Seychelles | 2.63% | -73.6% |
| 15th | St. Kitts and Nevis | 2.67% | 121.2% |
| 16th | Marshall Islands | 2.78% | 23.5% |
| 17th | Liechtenstein | 2.83% | 386.1% |
| 18th | Switzerland | 2.84% | 386.3% |
| 19th | Panama | 2.86% | 75.3% |
| 20th | Dominica | 2.88% | 83.6% |
| 21st | Congo, Republic of | 3.04% | 54.6% |
| 22nd | Viet Nam | 3.16% | 71.8% |
| 23rd | Malaysia | 3.38% | 36.4% |
| 24th | Ecuador | 3.47% | 2,506.1% |
| 25th | Bahrain | 3.63% | 693.4% |
| 26th | Brunei Darussalam | 3.68% | 112.5% |
| 27th | West Bank and Gaza | 3.74% | 202.2% |
| 28th | Kuwait | 3.98% | 16.3% |
| 29th | Indonesia | 4.21% | 169.7% |
| 30th | Niger | 4.23% | 10.2% |
| 31st | Jordan | 4.23% | 214.0% |
| 32nd | Gabon | 4.23% | 292.9% |
| 33rd | Fiji | 4.32% | 2,669.3% |
| 34th | Tanzania | 4.35% | 17.9% |
| 35th | Barbados | 4.36% | 183.9% |
| 36th | Israel | 4.41% | 195.7% |
| 37th | Libya | 4.51% | 57.3% |
| 38th | Equatorial Guinea | 4.79% | 5,192.3% |
| 39th | Eswatini | 4.80% | 29.1% |
| 40th | Iraq | 4.99% | -17.3% |
| 41st | Qatar | 5.00% | 119.4% |
| 42nd | Korea | 5.09% | 103.7% |
| 43rd | Djibouti | 5.18% | 338.6% |
| 44th | France | 5.22% | 152.8% |
| 45th | Côte d'Ivoire | 5.23% | 25.1% |
| 46th | Papua New Guinea | 5.25% | 17.2% |
| 47th | United Arab Emirates | 5.29% | 4,782.5% |
| 48th | San Marino | 5.33% | 229.5% |
| 49th | Cambodia | 5.34% | 82.8% |
| 50th | Kiribati | 5.35% | 160.3% |
| 51st | Micronesia, Federated States of | 5.41% | 205.2% |
| 52nd | Solomon Islands | 5.52% | 2,915.4% |
| 53rd | Aruba | 5.52% | 642.2% |
| 54th | Central African Republic | 5.58% | 31.1% |
| 55th | Bahamas, The | 5.61% | 93.0% |
| 56th | Bhutan | 5.64% | -31.4% |
| 57th | St. Vincent and the Grenadines | 5.66% | 263.5% |
| 58th | Norway | 5.76% | 65.4% |
| 59th | Chad | 5.79% | 828.1% |
| 60th | Philippines | 5.82% | 48.2% |
| 61st | Trinidad and Tobago | 5.83% | 182.8% |
| 62nd | Puerto Rico (US) | 6.02% | 149.7% |
| 63rd | Namibia | 6.08% | 68.0% |
| 64th | Guyana | 6.12% | 84.1% |
| 65th | Singapore | 6.13% | 164.7% |
| 66th | Malta | 6.15% | 771.6% |
| 67th | Andorra | 6.20% | 269.9% |
| 68th | Cameroon | 6.25% | 176.2% |
| 69th | Belize | 6.28% | 93.8% |
| 70th | Luxembourg | 6.34% | 82.4% |
| 71st | St. Lucia | 6.38% | 164.7% |
| 72nd | Australia | 6.59% | 133.8% |
| 73rd | Tajikistan | 6.64% | -26.0% |
| 74th | Morocco | 6.66% | 387.3% |
| 75th | Vanuatu | 6.68% | 185.1% |
| 76th | India | 6.70% | 21.7% |
| 77th | Albania | 6.73% | 229.2% |
| 78th | Somalia, Fed. Rep. | 6.78% | 46.6% |
| 79th | Canada | 6.80% | 100.4% |
| 80th | Germany | 6.87% | 114.0% |
| 81st | Guatemala | 6.89% | 61.5% |
| 82nd | Timor-Leste | 7.01% | 85.6% |
| 83rd | South Africa | 7.04% | 54.6% |
| 84th | Finland | 7.12% | 244.8% |
| 85th | New Zealand | 7.17% | 82.0% |
| 86th | Uganda | 7.20% | 226.0% |
| 87th | El Salvador | 7.20% | 107.6% |
| 88th | Antigua and Barbuda | 7.53% | 362.9% |
| 89th | Liberia | 7.59% | -2.9% |
| 90th | Kenya | 7.66% | 25.4% |
| 91st | Nepal | 7.67% | 114.3% |
| 92nd | Denmark | 7.70% | 295.9% |
| 93rd | Bangladesh | 7.70% | 38.5% |
| 94th | Ireland | 7.83% | 224.5% |
| 95th | Portugal | 7.83% | 732.4% |
| 96th | Mexico | 7.90% | 38.7% |
| 97th | United Kingdom | 7.92% | 206.1% |
| 98th | Cabo Verde | 7.93% | 325.7% |
| 99th | Togo | 7.97% | 75.5% |
| 100th | United States | 8.00% | 71.0% |
| 101st | Madagascar | 8.16% | 40.2% |
| 102nd | Italy | 8.20% | 322.5% |
| 103rd | Lesotho | 8.27% | 28.2% |
| 104th | Costa Rica | 8.27% | 379.1% |
| 105th | Tunisia | 8.31% | 45.5% |
| 106th | Iceland | 8.31% | 86.4% |
| 107th | Peru | 8.33% | 109.4% |
| 108th | Sweden | 8.37% | 215.6% |
| 109th | Spain | 8.39% | 178.9% |
| 110th | Cyprus | 8.40% | 271.3% |
| 111th | Austria | 8.55% | 209.7% |
| 112th | Armenia | 8.64% | 16.0% |
| 113th | Dominican Republic | 8.81% | 6.9% |
| 114th | Slovenia | 8.83% | 360.8% |
| 115th | European Union | 8.83% | 245.8% |
| 116th | Honduras | 9.09% | 102.8% |
| 117th | Uruguay | 9.10% | 17.5% |
| 118th | Algeria | 9.27% | 28.2% |
| 119th | Congo, Democratic Republic of | 9.27% | 3.1% |
| 120th | Brazil | 9.28% | 11.8% |
| 121st | Guinea-Bissau | 9.39% | 186.8% |
| 122nd | Mauritania | 9.53% | 167.7% |
| 123rd | Belgium | 9.60% | 198.3% |
| 124th | Mali | 9.62% | 152.7% |
| 125th | Greece | 9.65% | 1,580.4% |
| 126th | Senegal | 9.70% | 345.2% |
| 127th | Paraguay | 9.77% | 104.0% |
| 128th | Netherlands | 10.00% | 253.8% |
| 129th | Colombia | 10.18% | 190.4% |
| 130th | Mozambique | 10.28% | 55.3% |
| 131st | Jamaica | 10.35% | 76.0% |
| 132nd | Nicaragua | 10.47% | 112.4% |
| 133rd | Guinea | 10.49% | -16.7% |
| 134th | Mauritius | 10.77% | 166.7% |
| 135th | Croatia | 10.78% | 295.8% |
| 136th | Samoa | 10.96% | 464.2% |
| 137th | Tonga | 10.97% | 1,765.9% |
| 138th | Zambia | 10.99% | -50.1% |
| 139th | Turkmenistan | 11.21% | -42.4% |
| 140th | Uzbekistan | 11.45% | 5.5% |
| 141st | Gambia, The | 11.51% | 56.2% |
| 142nd | Kosovo | 11.58% | 245.3% |
| 143rd | Chile | 11.64% | 157.3% |
| 144th | Botswana | 11.67% | 74.7% |
| 145th | Georgia | 11.90% | 24.4% |
| 146th | Serbia | 11.98% | 193.3% |
| 147th | Tuvalu | 12.18% | 82.2% |
| 148th | Palau | 12.35% | 2,668.1% |
| 149th | Comoros | 12.53% | 83,646.9% |
| 150th | Slovak Republic | 12.77% | 352.2% |
| 151st | Montenegro | 13.04% | 440.0% |
| 152nd | Afghanistan | 13.71% | 76.7% |
| 153rd | Russian Federation | 13.74% | 105.3% |
| 154th | Romania | 13.80% | 173.4% |
| 155th | Azerbaijan | 13.85% | 107.9% |
| 156th | Egypt, Arab Republic of | 13.90% | 208.8% |
| 157th | Kyrgyz Republic | 13.92% | 16.9% |
| 158th | Bosnia and Herzegovina | 14.02% | 601.7% |
| 159th | North Macedonia | 14.20% | 339.6% |
| 160th | Burkina Faso | 14.29% | 265.7% |
| 161st | Poland | 14.43% | 181.3% |
| 162nd | Hungary | 14.61% | 186.2% |
| 163rd | Kazakhstan | 15.03% | 87.8% |
| 164th | Czechia | 15.10% | 293.2% |
| 165th | Mongolia | 15.15% | 105.7% |
| 166th | Belarus | 15.21% | 60.9% |
| 167th | Bulgaria | 15.33% | 439.2% |
| 168th | Latvia | 17.31% | 434.4% |
| 169th | Rwanda | 17.69% | 2,036.4% |
| 170th | São Tomé and Principe | 18.01% | 121.3% |
| 171st | Burundi | 18.80% | 124.8% |
| 172nd | Nigeria | 18.85% | 11.2% |
| 173rd | Estonia | 19.40% | 332.3% |
| 174th | Lithuania | 19.71% | 326.1% |
| 175th | Pakistan | 19.87% | 123.4% |
| 176th | Ukraine | 20.18% | 115.6% |
| 177th | Malawi | 20.95% | 124.3% |
| 178th | Angola | 21.36% | -17.1% |
| 179th | Lao PDR | 22.96% | 511.5% |
| 180th | Sierra Leone | 27.21% | 129.1% |
| 181st | Myanmar | 28.01% | 191.7% |
| 182nd | Moldova | 28.74% | 463.6% |
| 183rd | Yemen, Republic of | 29.51% | -6.2% |
| 184th | Ghana | 31.26% | 213.3% |
| 185th | Haiti | 33.98% | 113.2% |
| 186th | Iran, Islamic Republic of | 43.49% | 8.2% |
| 187th | Sri Lanka | 49.72% | 735.1% |
| 188th | Suriname | 52.45% | -11.3% |
| 189th | Türkiye | 72.31% | 269.0% |
| 190th | Argentina | 72.43% | 49.6% |
| 191st | Zimbabwe | 104.71% | 6.3% |
| 192nd | Sudan | 138.81% | -61.3% |
| 193rd | Lebanon | 171.21% | 10.6% |
FAQ
What was Korea's inflation rate in 2022?▾
Korea's inflation rate in 2022 was 5.09%. This ranked 42nd globally.
How did Korea's inflation rate change in 2022?▾
Korea's inflation rate increased by 103.7% in 2022 compared to 2021.
Which country had the highest inflation rate in 2022?▾
Lebanon had the highest inflation rate in 2022 at 171.21%.
What is the inflation rate of Korea in 2022?▾
The inflation rate of Korea in 2022 was 5.09%. This ranked 42nd globally.
How does 2022 compare to 2021 for Korea's inflation rate?▾
Korea's inflation rate went from 2.50% in 2021 to 5.09% in 2022, a 103.7% increase.
Related
2021
2023
All years
Full ranking 2022
Consumer Price Index
PPP Conversion Factor
Peak: 1964
Lowest: 2019
Inflation Rate 1990s
Inflation Rate 2000s
Inflation Rate 2010s
Inflation Rate 2020s
Highest ever
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