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S. Korea's import prices decline in December
(MENAFN) South Korea's import prices again declined in December from a year ago as global oil prices continued to slide, central bank data showed, QNA reported.
In local currency terms, import prices fell 13 percent annually last month, growing from a revised 8 percent drop in November, according to the preliminary data from the Bank of Korea. It marks 28 straight months of an annual fall in import prices.
From a month earlier, import prices fell 5.1 percent in the cited period, also picking up from a 0.9 percent dip in the previous month, local media reported.
The decrease was blamed on weakening oil prices. The price of Dubai crude oil, South Korea's benchmark, plunged 21.9 percent annually in December.
In local currency terms, import prices fell 13 percent annually last month, growing from a revised 8 percent drop in November, according to the preliminary data from the Bank of Korea. It marks 28 straight months of an annual fall in import prices.
From a month earlier, import prices fell 5.1 percent in the cited period, also picking up from a 0.9 percent dip in the previous month, local media reported.
The decrease was blamed on weakening oil prices. The price of Dubai crude oil, South Korea's benchmark, plunged 21.9 percent annually in December.
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