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S. Korea's import prices dip 8.5 percent in July
(MENAFN) Central bank data showed that South Korea's import prices decline for the 23rd consecutive month in July, led by a fall in oil prices, QNA reported.
According to the Bank of Korea, import prices dropped 8.5 percent on-year last month, slowing from a 8.8 percent drop in June.
On a monthly basis, import prices dipped 0.5 percent, accelerating from a 0.1 percent change in June, according to the data.
Meanwhile, export prices declined 9.4 percent over a year in July, but when compared to June, they rose 0.3 percent.
According to the Bank of Korea, import prices dropped 8.5 percent on-year last month, slowing from a 8.8 percent drop in June.
On a monthly basis, import prices dipped 0.5 percent, accelerating from a 0.1 percent change in June, according to the data.
Meanwhile, export prices declined 9.4 percent over a year in July, but when compared to June, they rose 0.3 percent.
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