Import Prices in South Korea increased 19.8% in September from the previous year and 1.5% from the previous month compared to a 24.2% YoY print in September. Raw materials were the largest contributor to the increase rising 33.7% YoY, while intermediate, capital and consumer goods lagged rising 13.9%, 12.7%, and 10.5% respectively. source: The Bank of Korea

Import Prices in South Korea averaged 68.98 points from 1971 until 2022, reaching an all time high of 156.89 points in October of 2022 and a record low of 5.99 points in January of 1971. This page provides - South Korea Import Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Import Prices - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Import Prices in South Korea is expected to be 152.00 points 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 is projected to trend around 140.00 points in 2023 and 120.00 points in 2024, according to our econometric models.

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South Korea Import Prices



Calendar GMT Actual Previous Consensus TEForecast
2022-10-13 09:00 PM Sep 24.1% 22.9%
2022-11-14 09:00 PM Oct 19.8% 24.2%


Related Last Previous Unit Reference
GDP Deflator 109.86 109.03 points Jun 2022
Producer Prices 120.61 120.16 points Oct 2022
Producer Prices Change 7.30 7.90 percent Oct 2022
Export Prices 132.90 131.24 points Oct 2022
Import Prices 156.89 154.51 points Oct 2022
Inflation Expectations 4.20 4.30 percent Nov 2022

South Korea Import Prices
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
156.89 154.51 156.89 5.99 1971 - 2022 points Monthly
2015=100, NSA

News Stream
South Korea Import Prices Rise 19.8% YoY
Import Prices in South Korea increased 19.8% in September from the previous year and 1.5% from the previous month compared to a 24.2% YoY print in September. Raw materials were the largest contributor to the increase rising 33.7% YoY, while intermediate, capital and consumer goods lagged rising 13.9%, 12.7%, and 10.5% respectively.
2022-11-14
South Korea Import Prices Increase 24.1% YoY
Import Prices in South Korea increased 24.1% year-on-year and 3.3% month-on-month. Raw materials contributed the most to the increases, rising 72.9% YoY.
2022-10-13
South Korea Import Prices Rise For 17th Month
South Korea's import prices jumped 27.9 percent year-on-year in July of 2022, easing from a 33.6 percent advance in the previous month. It was the 17th straight month of on-year increase. Compared with a month earlier, import prices went down 0.9 percent, the first decrease since April as concerns about a global recession pushed oil prices lower and drove down prices of petroleum and mine products.
2022-08-11