South Korea's import prices surged 21.5 percent from a year earlier in August of 2021, accelerating from an upwardly revised 19.5 percent rise in July. It was the fastest rise in import prices since December of 2008. On a monthly basis, import prices were up 0.6 percent in August due to higher oil prices. source: The Bank of Korea

Import Prices in South Korea averaged 67.27 points from 1971 until 2021, reaching an all time high of 145.47 points in March of 2012 and a record low of 5.99 points in January of 1971. This page provides - South Korea Import Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Import Prices - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Import Prices in South Korea is expected to be 94.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Import Prices is projected to trend around 94.00 points in 2022, according to our econometric models.

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South Korea Import Prices

Actual Previous Highest Lowest Dates Unit Frequency
120.79 120.05 145.47 5.99 1971 - 2021 points Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-10 09:00 PM May 13.8% 15.3%
2021-07-13 09:00 PM Jun 14% 14.2%
2021-08-12 09:00 PM Jul 19.2% 14.4%
2021-09-13 09:00 PM Aug 21.6% 19.5%


South Korea Import Prices
In South Korea, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.