South Korea Import Prices Decline for 4th Month

South Korea’s import prices fell 5.9% year-over-year in July 2025, easing slightly from a 6.2% decline in June, marking the fourth consecutive month of weakness in purchasing costs.

Falling global oil prices and a stronger Korean won continued to weigh on import expenses.

Raw material prices declined at a slower pace, dropping 12.8% after a 13.6% fall in the previous month.

Intermediate goods also saw a more moderate decrease of 4.4%, compared with 4.8% in June.

Meanwhile, price growth for consumer goods slowed to 0.6% from 1%, while capital goods prices picked up to 1.3% from 1.1%.

On a monthly basis, import prices rose 0.9% in July, ending a five-month streak of declines following a 0.7% drop in June.