Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea Import Prices YoY fell to 18.7% in July 2026
FMPMonthlyReleased August 2026
South Korea Import Prices YoY fell to 18.7% in July 2026, released August 2026, down 2.2% from June's 20.9% reading. The reading missed the 31.0% consensus by 12.3%. Import Prices YoY has now declined for 3 consecutive months. Over the past 3 months, Import Prices YoY averaged 22.7%, vs 13.27% in the prior 3-month window. The reading is in the 85th percentile of the trailing 24-month range.
Latest Release
18.7
Actual
31
Consensus
20.9
Previous
Median Absolute Error
±2.45 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 28.98
Actual: 18.7
Error: +10.28
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 |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.38 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.34 | INDEX | 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 18.7% in August 2026. This missed the market consensus of 31% by 12.3%. The reading fell from the previous value of 20.9%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 7.79%, ranging from -2.2% to 24.8% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 21.37%, up from the prior three at 6.73%. Volatility over the past year (σ 10.19%) is higher than the prior year (σ 4.64%). In August readings over the past 3 years, Import Prices YoY has averaged 7.53%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). 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 September 14, 2026. Same-country events in the next 14 days include Unemployment Rate (Sep 8) and Consumer Confidence (Sep 22).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
SHARE
Import Prices YoY - KR
Loading chart data...
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 (Jul 2026): actual 18.7 %, consensus 31 %. Prior reading (Jun 2026): 20.6 %. Before that (May 2026): 24.8 %.
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 headwind in the current projection.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - KR Events
| Monday, September 7, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 23:00 | KR | GDP Growth Rate YoY | 3.7 | 3.8 | 3.7 | 3.70 | Low |
| 23:00 | KR | GDP Growth Rate QoQ | 0.6 | 1.8 | 0.6 | 0.60 | Low |