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Friday, 12 August 2016

Korea - import and export prices drop for first time in three months: ARIRANG NEWS

Published on Aug 11, 2016
수출입 물가 동반 하락...저환율•저유가 영향
Korea's import prices took a dive in July, falling for the first time in three months on the back of the weakening local currency and a decline in global oil prices.


According to the Bank of Korea on Friday, import prices fell two-point-eight percent from the previous month, hitting 75-point-eight-five on the index.


The price of Korea's benchmark -- Dubai crude -- dropped to 42 dollar 53 cents a barrel,... down eight-point-one percent from June.


The Korean won fell two-point-three percent against the dollar on-month.
Export prices also took a tumble for the first time in three months,... down two-point-two percent from a month earlier. 

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