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Korea's export and import prices rise in June

2018-07-13 1 Dailymotion

South Korea's import prices went up for the sixth consecutive month in June due to the weakening Korean won.<br /> The Bank of Korea says the import price index rose one-point-three percent on-month, recording 88-point-two-six in June.<br />Compared to the same period last year, the index is up near eleven percent, marking the biggest jump in 17 months. <br />The local currency weakened against the U.S. dollar, recording an average of one-thousand-92-point-eight won last month, pushing up Korea's import prices despite a slight fall in global oil prices.<br /> Export prices edged up zero-point-nine percent on-month to 85-point-six-eight on the back of rising industrial goods' prices. <br />

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