FX.co ★ South Korea Industrial Prices Hit Record High

South Korea’s industrial prices climbed to an all-time high in March 2026, driven by a sharp rise in energy costs amid the ongoing war in the Middle East, and intensifying worries over sustained inflationary pressures. The producer price index for industrial goods reached 118.8, the highest level since data collection began in 1985. Petroleum products led the advance with a 9.9% increase, while prices for durable goods, textiles, and publications also hit record highs. The nationwide average gasoline price has risen to the low 1,900 won (about USD 1.26) per liter range, fueling broad expectations that it could soon surpass 2,000 won.