South Korea's import prices increased at the fastest click in almost a year-and-a-half in May on the back of rising global oil prices.<br /> The Bank of Korea says its import price index hit 87-point-zero-nine last month, up two-point-seven percent on-month.<br />The index has been rising for five straight months since January, and the monthly gain in May was the largest since December 2016, when it recorded over four percent. <br />On-year, it was up eight-point-one-percent. <br />The price of Dubai crude contributed to the gain.<br />It soared nine percent on-month to more than 74 U.S. dollars a barrel last month. <br />The export price index rose by around one-percent on-month recording 84-point-six-three in May. <br />
