South Korea August Import Prices Decline, Slower Than July

South Korea’s import prices dropped by 2.2% year-over-year in August 2025, slowing from a 5.9% decline in July, marking the fifth straight month of declining import costs. Raw material prices fell 6.6%, slowing from a 12.7% drop the previous month, while intermediate goods declined 1.8%, compared with 4.6% in July. Consumer goods price growth moderated to 2.6% from 3.1%, and capital goods rose 2.6%, up from 1.2%. On a monthly basis, import prices rose 0.3%, down from July’s 0.8% increase.