South Korea’s import prices fell 1.2% year-on-year in January 2026, reversing a 0.3% rise in December and ending the recent four-month run of gains. Price changes were softer across key categories, with intermediate goods up (2.7% vs. 3.7% in December), consumer goods rising (2.5% vs. 4.1%), and capital goods climbing (2.1% vs. 3.1%), while raw material prices continued to fall, declining (9.7% vs. -6.8%). On a monthly basis, import prices rose 0.4% in January, easing from a 0.9% gain in the prior month. source: The Bank of Korea

Import Prices YoY in South Korea decreased to -1.20 percent in January from 0.50 percent in December of 2025. Import Prices YoY in South Korea averaged 6.73 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 March of 2026.

Import Prices YoY in South Korea decreased to -1.20 percent in January from 0.50 percent in December of 2025. Import Prices YoY in South Korea is expected to be 2.10 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-13 09:00 PM
Import Prices YoY
Dec 0.3% 2.2% 1.5%
2026-02-12 09:00 PM
Import Prices YoY
Jan -1.2% 0.5% 0.8%
2026-03-16 09:00 PM
Import Prices YoY
Feb -1.2% 0.5%


Related Last Previous Unit Reference
CPI 118.03 117.57 points Jan 2026
Core Consumer Prices 116.57 116.02 points Jan 2026
Core Inflation Rate 2.30 2.30 percent Jan 2026
CPI Housing Utilities 117.40 117.12 points Jan 2026
CPI Transportation 116.94 117.99 points Jan 2026
Export Prices 145.88 140.28 points Jan 2026
Export Prices YoY 7.80 5.00 percent Jan 2026
Food Inflation 2.90 3.60 percent Jan 2026
GDP Deflator 115.50 114.10 points Sep 2025
Import Prices 143.29 142.68 points Jan 2026
Import Prices YoY -1.20 0.50 percent Jan 2026
Inflation Expectations 2.60 2.60 percent Feb 2026
Inflation Rate YoY 2.00 2.30 percent Jan 2026
Inflation Rate MoM 0.40 0.30 percent Jan 2026
PPI MoM 0.60 0.40 percent Jan 2026
Producer Prices 122.50 121.76 points Jan 2026
PPI YoY 1.90 1.90 percent Jan 2026


South Korea Import Prices YoY
In South Korea, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.
Actual Previous Highest Lowest Dates Unit Frequency
-1.20 0.50 64.80 -29.90 1972 - 2026 percent Monthly
2020=100, NSA

News Stream
South Korea Import Prices Drop in January
South Korea’s import prices fell 1.2% year-on-year in January 2026, reversing a 0.3% rise in December and ending the recent four-month run of gains. Price changes were softer across key categories, with intermediate goods up (2.7% vs. 3.7% in December), consumer goods rising (2.5% vs. 4.1%), and capital goods climbing (2.1% vs. 3.1%), while raw material prices continued to fall, declining (9.7% vs. -6.8%). On a monthly basis, import prices rose 0.4% in January, easing from a 0.9% gain in the prior month.
2026-02-12
South Korea Import Prices Show Slower Growth
South Korea’s import prices rose 0.3% year-on-year in December 2025, slowing from a 1.9% increase in November and marking the third consecutive month of gains. Price increases were softer across key categories, with intermediate goods up 3.5% versus 4.7% in November, consumer goods rising 4% compared with 5.5%, and capital goods climbing 3.1% after a 4.5% gain the previous month. In contrast, raw material prices continued to fall, declining 7% following a 4.7% drop in November. On a monthly basis, import prices rose 0.7%, easing from a 2.4% gain in the prior month.
2026-01-13
South Korea Import Prices Rise the Most in 8 Months
South Korea’s import prices rose 2.2% year-on-year in November 2025, following a 0.5% increase in October and the sharpest increase since March. Prices for intermediate goods increased 5.4%, following a 3.2% rise in October, while consumer goods prices jumped 5.4% from 5.1%, and capital goods rose 4.5%, up from 3.9%. In contrast, raw material prices continued to decline, falling 5.0%, a smaller drop than October’s 6.9% decrease. On a monthly basis, import prices increased 2.6%, well above the 1.9% gain recorded in the previous month.
2025-12-11