SEOUL, 13th February, 2026 (WAM) -- The Republic of Korea's import prices increased for the seventh consecutive month in January, despite a decline in global oil prices and the stronger local currency, due largely to an increase in prices of raw materials, central bank data showed Friday.
The import price index rose 0.4 percent from a month earlier in January, slowing from a 0.9 percent increase in December, according to the preliminary data from the Bank of Korea (BOK).
The figure has been on a constant increase since July 2025, Yonhap News Agency reported. On a year-on-year basis, however, the index shed 1.2 percent in January.
"The won-dollar exchange rate and global oil prices served as downward factors, but gains in primary metal products and mining products pushed up the overall index," a BOK official said.
Prices of raw materials rose 0.9 percent on-month, led by copper ore, liquefied natural gas (LNG) and mining products.
The Korean won rose against the US dollar, with the currency averaging 1,456.51 won per dollar in January, compared with 1,467.4 won in December.
Import prices are a key driver of inflation, as they influence production costs and consumer prices throughout the supply chain.
The data showed that the export price index also rose for the seventh consecutive month in January, surging 4 percent from the previous month.