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Korea's export and import prices go up in September

2018-10-16 0 Dailymotion

Newly-released figures from South Korea's central bank show prices for both exports and imports went up last month.<br />Kim Hyesung has the details. <br /> Korea's export and import prices both rose in September.<br />According to the Bank of Korea Tuesday, export prices went up zero-point-three percent on-month.<br />While the local currency remained steady at around 1-thousand-121 Korean won against the greenback... rising coal and petroleum goods prices led the gain in industrial goods' prices, which went up zero-point-three percent.<br /> Prices of agricultural and marine products rose 1-point-two percent on-month on higher prices of frozen marine exports. <br /> Import prices in September rose sharply by one-point-five percent on-month, and near ten percent on-year on rising global oil prices. <br /> Korea's benchmark, Dubai crude, soared six-point-five percent on-month to an average of 77 dollars a barrel last month.<br />Imports of consumer goods and intermediary goods went up slightly, and raw material prices jumped four-point-five percent on month.<br /> Export and import prices affect future consumer prices, so this could mean higher inflation in the months to come.<br />Kim Hyesung, Arirang News. <br />

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