S.Korea's import price falls in 7 months in November
0 Comment(s)
Print
E-mail Xinhua, December 14, 2021
SEOUL, Dec. 14 (Xinhua) -- Price for imported goods to South Korea logged the first fall in seven months in November due to cheaper global crude oil, central bank data showed Tuesday.
The import price index stood at 130.17 in November, down 0.6 percent from the previous month, according to the Bank of Korea (BOK).
It marked the first decline in seven months since May on the back of the lower price for global crude oil.
Dubai crude, South Korea's benchmark, averaged 80.30 U.S. dollars per barrel in November, down 1.6 percent from the prior month.
Price for imported mining products decreased 1.3 percent in November from a year ago, and the import price for coal and oil products retreated 0.8 percent.
The export price index went down 1.0 percent over the month to 115.80 in November, posting the first slide in 12 months since November last year.
Price for exported farm goods slipped 2.1 percent last month, and the export price for coal and oil products shrank 5.2 percent. Enditem
Go to Forum >>0 Comment(s)