(MENAFN- Qatar News Agency) South Korea's import prices decreased for the fifteenth consecutive month in November as the local currency appreciated against the US dollar amid lower oil prices, a report released by the Bank of Korea revealed Wednesday. The import price index, in the Korean won terms, dropped 4.9% in November from the same month of last year, after falling 7.3% in October. Prices have now fallen for the fifteenth month in a row. The decline reflected a 6.4% drop in the costs of intermediate goods, and a 6.1% fall in prices of capital goods. Prices of raw materials and consumer goods slid 3.5% and 1.4% respectively from November 2012. Month-on-month, import prices dropped 0.5%, following October's 2.4% fall. The latest decline was the third in a row. The report further said that the export price index decreased 2.6% year-on-year in November, weaker than the 4.6% fall recorded a month earlier. Export prices decreased 0.8% compared to October, when they recorded a 1.9% decline, data showed. The central bank is expected to hold its benchmark interest rate at 2.5% at Thursday's meeting, as it did at each of the previous six meetings
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