Korea's export and import prices rise in June
- 6 years ago
South Korea's import prices went up for the sixth consecutive month in June due to the weakening Korean won.
The Bank of Korea says the import price index rose one-point-three percent on-month, recording 88-point-two-six in June.
Compared to the same period last year, the index is up near eleven percent, marking the biggest jump in 17 months.
The local currency weakened against the U.S. dollar, recording an average of one-thousand-92-point-eight won last month, pushing up Korea's import prices despite a slight fall in global oil prices.
Export prices edged up zero-point-nine percent on-month to 85-point-six-eight on the back of rising industrial goods' prices.
The Bank of Korea says the import price index rose one-point-three percent on-month, recording 88-point-two-six in June.
Compared to the same period last year, the index is up near eleven percent, marking the biggest jump in 17 months.
The local currency weakened against the U.S. dollar, recording an average of one-thousand-92-point-eight won last month, pushing up Korea's import prices despite a slight fall in global oil prices.
Export prices edged up zero-point-nine percent on-month to 85-point-six-eight on the back of rising industrial goods' prices.