South Korea Import Prices YoY

South Korea’s import prices fell 6.2% year-on-year in June 2025, deepening from a 5.1% decline in May, as falling global oil prices and a stronger Korean won continued to weigh on costs. Raw material prices dropped sharply by 13.2%, following a 13.9% decline the previous month. Intermediate goods also saw a steeper fall of 4.9%, compared to a 2.7% decrease in May. Meanwhile, price growth for consumer goods slowed to 0.9% from 2.5%, and capital goods eased to 1.2% from 2.5%. On a monthly basis, import prices fell 0.6% in June, marking the fifth straight monthly decline after a 3.7% drop in May. The continued slide reflects broader global trends, particularly in energy markets, and underscores persistent deflationary pressure in import costs.