FX.co ★ South Korea Producer Inflation Remains at 1.9%

South Korea’s producer price index rose 1.9% year-on-year in January 2026, unchanged from December and marking the fastest pace since July 2024, as price pressures remained broadly based across major sectors. Service prices increased by 2.6% (up from 2.2% in December), manufacturing prices advanced 1.8% (slightly below 1.9% previously), and prices for agricultural, forestry, and marine products climbed 2.4% (though easing from 6.1%), reflecting a strong rebound in farm-related costs. In contrast, prices for electricity, gas, and water continued to decline, falling 1.2% year-on-year after a 1.3% drop in December. On a monthly basis, producer prices rose 0.6% in January, quickening from a 0.4% gain in the previous month.