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[THE INVESTOR] South Korea’s import declined in July, affected by falling oil prices and stronger local currency, central bank data showed on Aug. 12.
The nation’s import price index dropped 2.8 percent on-month to 75.85, according to the Bank of Korea. It marks the first decline in three months.
The BOK attributed the decrease to external factors, such as global oil prices and currency exchange rates.
The monthly average price of Dubai crude oil shed 8.1 percent to US$43.52 a barrel from $46.3 in June.
(theinvestor@heraldcorp.com)
The nation’s import price index dropped 2.8 percent on-month to 75.85, according to the Bank of Korea. It marks the first decline in three months.
The BOK attributed the decrease to external factors, such as global oil prices and currency exchange rates.
The monthly average price of Dubai crude oil shed 8.1 percent to US$43.52 a barrel from $46.3 in June.
(theinvestor@heraldcorp.com)
