South Korea’s import price index rose 15.6% year-over-year in August 2026, easing from a 18.7% annual increase recorded in July 2026, according to data updated on 14 September 2026. The figures compare price levels in each month to the same month a year earlier.
The slowdown suggests some moderation in imported cost pressures after July’s sharp rise, which had marked a higher pace of import-driven inflation. While the August reading still reflects significant year-over-year price gains, the deceleration may offer tentative relief for policymakers and import-dependent sectors watching external price dynamics closely.
