South Korea’s import prices increased by 1.2% year-on-year in February 2026, following a 0.9% decline in January. Performance differed across major categories: prices of intermediate goods rose further (4.2% vs. 3.3% in January), consumer goods maintained their pace of growth (2.5% vs. 2.5%), and capital goods recorded a slightly slower increase (1.6% vs. 1.9%). In contrast, raw material prices continued to fall, though at a reduced pace (-3.8% vs. -9.5%). On a month-on-month basis, import prices advanced 1.1% in February, quickening from a 0.7% rise in the previous month.