South Korea’s import prices rose 15.6% year over year in August 2026, easing from an 18.8% increase in July. Price gains were led by raw materials, which rose 26.6%, while intermediate goods prices increased 16.6%. Capital goods prices rose 0.7%, and consumer goods prices increased 2.2%. By economic sector, mining product prices climbed 28.8%, driven by higher prices for coal, crude petroleum and natural gas (29.4%), as well as metallic and non-metallic mineral products (27.1%). Prices for manufactured goods rose 11.3%, led by a 44.5% increase in coal and petroleum products and a 21.5% rise in basic metal products. Meanwhile, prices for agricultural, forestry and marine products increased 6.7%, with marine products rising 11.7% and agricultural products up 10.9%. source: The Bank of Korea
Import Prices YoY in South Korea decreased to 15.60 percent in August from 18.70 percent in July of 2026. Import Prices YoY in South Korea averaged 6.84 percent from 1972 until 2026, reaching an all time high of 64.80 percent in February of 1980 and a record low of -29.90 percent in February of 1999. This page includes a chart with historical data for South Korea Import Prices YoY. South Korea Import Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.
Import Prices YoY in South Korea decreased to 15.60 percent in August from 18.70 percent in July of 2026. Import Prices YoY in South Korea is expected to be 15.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Import Prices YoY is projected to trend around 3.00 percent in 2027 and 2.00 percent in 2028, according to our econometric models.