South Korea’s import price inflation eased in October 2026, with the Import Price Index rising 13.5% year-over-year, down from a 17.8% gain recorded in September 2026. The latest data, updated on 12 November 2026, indicate a moderation in cost pressures on imported goods compared with the previous month’s surge.
Both readings are based on year-over-year comparisons, measuring how prices in each respective month changed versus the same month a year earlier. While import prices continued to post double-digit annual growth in October, the slowdown from September suggests some relief in external price pressures that have been feeding into broader cost structures in the South Korean economy. Investors and policymakers are likely to watch upcoming releases closely to see whether this easing trend continues in the months ahead.
