South Korea’s import prices rose 20.6% year-on-year in June 2026, slowing from a revised 25.4% increase in May. The strongest gains came from mining products, which climbed 25.2%, reflecting higher costs for coal, crude petroleum, and natural gas (up 23.3%), as well as metallic and non-metallic mineral products (up 36.8%).
Prices for manufactured goods also advanced, with coal and petroleum products rising 38.9% and basic metal products up 34.3%. Meanwhile, prices for agricultural, forestry, and marine products increased 15.2%.
By end use, intermediate goods posted the sharpest rise at 25.4%, followed by raw materials at 24.1% and capital goods at 7.7%. On a monthly basis, however, the Import Price Index declined 4.4%.
