Buying power of ₩4,400 in 1969

This chart shows a calculation of buying power equivalence for ₩4,400 in 1969 (price index tracking began in 1951).

For example, if you started with ₩4,400, you would need to end with ₩127,155.81 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₩4,400 is equivalent to ₩127,155.81 over time, that means that the "real value" of a single South Korean won decreases over time. In other words, a won will pay for fewer items at the store.

This effect explains how inflation erodes the value of a won over time. By calculating the value in 1969 dollars, the chart below shows how ₩4,400 is worth less over 55 years.

According to the OECD and the World Bank, each of these KRW amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 1969 amounts in today's won, based on the 2,789.90% change in prices:

How to calculate inflation rate for ₩4,400 since 1969

Our calculations use the following inflation rate formula to calculate the change in value between 1969 and today:

Then plug in historical CPI values. The South Korean CPI was 4.227295 in the year 1969 and 122.16480370129565 in 2024:

₩4,400 in 1969 has the same "purchasing power" or "buying power" as ₩127,155.81 in 2024.

To get the total inflation rate for the 55 years between 1969 and 2024, we use the following formula:

Plugging in the values to this equation, we get:

Data source & citation

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