FX.co ★ South Korea Import Prices Drop in January

South Korea’s import prices fell 1.2% year-on-year in January 2026, reversing a 0.3% increase in December and halting a four-month streak of gains. Price growth eased across major categories: intermediate goods rose 2.7% (down from 3.7% in December), consumer goods increased 2.5% (vs. 4.1%), and capital goods climbed 2.1% (vs. 3.1%). Meanwhile, raw material prices extended their decline, falling 9.7% after a 6.8% drop in the previous month. On a monthly basis, import prices rose 0.4% in January, moderating from a 0.9% increase in December.