S. Korean Import Prices Continue To Fall

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South Korean import prices in local currency terms were down 0.9% in January from the prior year, a report from Bank of Korea showed on Monday. However, the rate of decline was slower than the 1.4% drop in December and 7.5% fall seen in November. On a monthly basis, import prices decreased 1.2%, reversing December's 0.5% increase.

At the same time, the export price index decreased 1.6% on a monthly basis, taking the annual decline to 6.9% in January.

South Korean import prices in local currency terms were down 0.9% in January from the prior year, a report from Bank of Korea showed Monday. (Market News Provided by RTTNews)