FX.co ★ South Korea Import Prices Decline for 4th Month

In July 2025, South Korea experienced a 5.9% year-over-year decrease in import prices, a slight improvement from the 6.2% decline recorded in the previous month of June. This marks the fourth consecutive month of declining purchasing costs. Contributing factors include falling global oil prices and the appreciation of the Korean won, both exerting downward pressure on import expenses. While raw material prices saw a slower decline of 12.8% compared to 13.6% previously, intermediate goods decreased at a more modest rate of 4.4% down from June’s 4.8%. Conversely, the growth rate for consumer goods prices decelerated to 0.6% from 1%, whereas prices for capital goods increased to 1.3% from 1.1%. Import prices on a month-to-month basis rose by 0.9% in July, breaking a five-month trend of decreases following a 0.7% drop in June.