South Korea's producer price index (PPI) rose 0.6 percent from a month earlier to 122.56 in February, marking the sixth consecutive monthly increase due to higher agricultural costs and global oil prices, Bank of Korea data showed. A key gauge of future consumer inflation, the index was up 2.4 percent year-on-year, the fastest growth since July 2024.
The Bank of Korea released the preliminary data on Tuesday, confirming producer prices have climbed steadily since September 2025.
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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 exports jumped 43.7 percent from a year earlier in the first 10 days of May. Data from the Korea Customs Service showed outbound shipments reached 18.4 billion dollars.
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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).
South Korean shares opened nearly 1 percent higher Friday amid hopes the U.S.-Israel war against Iran may end sooner than expected. The benchmark KOSPI rose 0.94 percent to 5,817.11, while the won rebounded from its 17-year low.
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South Korean stocks tumbled nearly 6% on March 9 amid U.S.-Israeli strikes on Iran driving oil past $100 per barrel. The won hit a 17-year low of 1,495.5 per dollar as circuit breakers activated. President Lee Jae-myung ordered a fuel price cap to curb soaring petroleum costs.