S. Korea's export prices rise for fourth consecutive month in May
- 5 years ago
South Korea's export prices rose for the fourth consecutive month in May.
The Bank of Korea says... the export price index came to 103-point-1-6,.... up two-point-six percent from April due to the weaker Korean won.
The won-to-dollar exchange rate rose near four percent on-month to 1-thousand-1-hundred-83 won against the greenback.
Export prices of electronics and transportation equipment went up.
The weaker local currency also pushed up overall import prices...despite a slight fall in global oil prices.
Import prices rose over two-percent on-month in May.
The Bank of Korea says... the export price index came to 103-point-1-6,.... up two-point-six percent from April due to the weaker Korean won.
The won-to-dollar exchange rate rose near four percent on-month to 1-thousand-1-hundred-83 won against the greenback.
Export prices of electronics and transportation equipment went up.
The weaker local currency also pushed up overall import prices...despite a slight fall in global oil prices.
Import prices rose over two-percent on-month in May.