South Korea Producer Inflation Remains at 1.9%

South Korea’s producer prices rose 1.9% year-on-year in January 2026, matching December’s pace and marking the strongest increase since July 2024, as price pressures remained broad-based across key categories. Costs increased for services (2.6% vs 2.2% in December), manufacturing (1.8% vs 1.9%) and agricultural, forestry and marine products (2.4% vs 6.1%), reflecting a sharp rebound in farm-related prices. By contrast, prices for electricity, gas and water remained in contraction at -1.2%, extending the decline from -1.3% previously. On a monthly basis, producer prices rose 0.6% in January, accelerating from a 0.4% increase in December.