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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea Import Prices YoY fell to 20.6% in June 2026
FMPMonthlyReleased July 2026
South Korea Import Prices YoY fell to 20.6% in June 2026, released July 2026, down 4.8% from May's 25.4% reading. The reading missed the 23.0% consensus by 2.4%. The print is running well above the 12-month average of 4.39%. Over the past 3 months, Import Prices YoY averaged 22.5%, vs 6.13% in the prior 3-month window. The reading is in the 94th percentile of the trailing 24-month range.
Latest Release
20.6
Actual
23
Consensus
25.4
Previous
Median Absolute Error
±2.45 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 20.88
Actual: 20.6
Error: +0.27
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.41 | INDEX | Moves with | → View |
| Nikkei 225 | ▲ Direct | +0.36 | INDEX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.29 | CRYPTO | Moves against | → View |
| XAU/USD | ▲ Direct | +0.28 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Import Prices YoY (South Korea) was reported at 20.6% in July 2026. This missed the market consensus of 23% by 2.4%. The reading fell from the previous value of 25.4%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 5.55%, ranging from -5.9% to 24.8% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 21.87%, up from the prior three at 0.1%. Volatility over the past year (σ 10.25%) is higher than the prior year (σ 4.96%). In July readings over the past 3 years, Import Prices YoY has averaged 8.03%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with Nikkei 225, positively correlated (Bullish Nikkei 225). Over the last 12 releases, the Sigmacast model's median absolute error is 2.45%.
WHAT TO WATCH NEXT
The next release is scheduled for August 13, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Aug 3) and Inflation Rate YoY (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Import Prices YoY - KR
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About Import Prices YoY — South Korea
DEFINITION
Import Prices YoY is a financial indicator that measures the change in the prices of goods and services imported into a country over a period of one year. This indicator is used to track the impact of international trade on a country's economy and can provide valuable insights into inflation and the strength of the domestic currency. It is closely monitored by policymakers, investors, and businesses to assess the competitiveness of a country's imports and its overall economic health.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 20.6 %, consensus 23 %. Prior reading (May 2026): 24.8 %. Before that (Apr 2026): 20.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.41) — a useful reference for index-focused traders.
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Economic Calendar - KR Events
| Saturday, August 1, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:00 | KR | Exports YoY | 62.8 | 70.7 | 59 | 60.90 | Medium |
| 00:00 | KR | Imports YoY | 26.5 | 30 | 26.6 | 26.55 | Low |
| 00:00 | KR | Balance of Trade | 30.32 | 36.09 | 29.59 | 29.95 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 00:30 | KR | S&P Global Manufacturing PMI | 52.1 | 52.5 | 52.80 | Medium | |
| 23:00 | KR | Inflation Rate MoM | 0.1 | 0.3 | 0.30 | Low | |
| 23:00 | KR | Inflation Rate YoY | 3.2 | 3.3 | 3.30 | Medium | |