South Korea's import prices jumped 27.9 percent year-on-year in July of 2022, easing from a 33.6 percent advance in the previous month. It was the 17th straight month of on-year increase. Compared with a month earlier, import prices went down 0.9 percent, the first decrease since April as concerns about a global recession pushed oil prices lower and drove down prices of petroleum and mine products. source: The Bank of Korea

Import Prices in South Korea averaged 68.57 points from 1971 until 2022, reaching an all time high of 154.87 points in June of 2022 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 August of 2022.

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 2023, according to our econometric models.

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South Korea Import Prices

Calendar GMT Actual Previous Consensus TEForecast
2022-07-14 09:00 PM Jun 33.6% 36.5%
2022-08-11 09:00 PM Jul 27.9% 33.6%

Related Last Previous Unit Reference
GDP Deflator 109.03 107.42 points Mar 2022
Producer Prices 120.04 118.59 points Jun 2022
Producer Prices Change 9.90 9.90 percent Jun 2022
Export Prices 129.76 132.61 points Jul 2022
Import Prices 153.49 154.87 points Jul 2022
Inflation Expectations 4.70 3.90 percent Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
153.49 154.87 154.87 5.99 1971 - 2022 points Monthly
2015=100, NSA