Los precios al productor en Corea del Sur suben por sexto mes consecutivo en febrero debido a los altos precios del petróleo

El índice de precios al productor (IPP) de Corea del Sur subió un 0,6 por ciento respecto al mes anterior hasta alcanzar los 122,56 puntos en febrero, marcando el sexto incremento mensual consecutivo debido al aumento de los costos agrícolas y de los precios mundiales del petróleo, según datos del Banco de Corea. El índice, un indicador clave de la futura inflación al consumidor, aumentó un 2,4 por ciento interanual, el crecimiento más rápido desde julio de 2024.

El Banco de Corea publicó los datos preliminares este martes, confirmando que los precios al productor han subido de manera constante desde septiembre de 2025.

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Illustration of South Korean market with rising prices and CPI graph amid oil-driven inflation.
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South Korea's consumer prices rise 2.2% in March amid surging oil prices

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South Korea's consumer prices rose 2.2 percent in March from a year earlier, government data showed Thursday. The increase, exceeding the government's 2 percent inflation target, was mainly driven by a surge in global oil prices due to prolonged Middle East tensions. It marks the steepest rise since December's 2.3 percent, according to the Ministry of Data and Statistics.

South Korea's producer price index rose 1.6 percent in March from the previous month, the fastest pace in about four years, Bank of Korea data showed Wednesday. The surge was driven by higher petroleum and chemical product prices amid rising global oil costs. Year-on-year, prices climbed 4.1 percent, the quickest increase since February 2023.

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South Korea's consumer prices rose 2.6 percent year-on-year in April, up from March's 2.2 percent and the fastest pace in 21 months, driven by soaring fuel costs from the ongoing Strait of Hormuz disruption. Government data confirmed the figures.

South Korea's real GDP jumped 1.7 percent in Q1 2026 from the prior quarter—the strongest growth in 5½ years—despite Middle East tensions, easily topping the Bank of Korea's 0.9 percent forecast on robust exports and steady domestic demand. Part of the rebound following 2025's modest 1% annual expansion (see prior article in series).

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South Korea's exports rose 36.7 percent year-on-year to a record $25.2 billion in the April 1-10 period, fueled by strong semiconductor demand. Korea Customs Service data showed imports up 12.7 percent to $22.1 billion, resulting in a $3.1 billion trade surplus.

The South Korean won weakened sharply against the US dollar on Wednesday amid lingering Middle East uncertainties and hotter-than-expected US inflation data.

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The International Monetary Fund (IMF) kept its 2026 growth forecast for South Korea unchanged at 1.9 percent despite the Middle East crisis. The institution raised its inflation outlook for this year by 0.7 percentage point to 2.5 percent, citing rising global oil prices. The Ministry of Economy and Finance said strong exports and effects from a supplementary budget kept the growth outlook steady.

 

 

 

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