S.Korea's import prices rise for 2 months on higher oil prices
Xinhua, July 13, 2016 Adjust font size:
Prices for imported goods to South Korea rose for two months in a row due to higher global crude oil prices, central bank data showed on Wednesday.
The import price index stood at 77.97 in June, up 0.7 percent from a month earlier, according to the Bank of Korea (BOK). It marked the two straight month of growth on the back of higher oil prices.
Dubai crude, South Korea's benchmark, averaged at 46.30 U.S. dollars per barrel in June, up 4.6 percent from the previous month.
Commodity prices gained 2.0 percent last month on expensive mining products, with prices for capital and consumer goods rising 0.3 percent and 0.1 percent respectively.
Prices for imported coal and oil products advanced 3.5 percent in June from a month ago.
The export price index came in at 80.64 in June, up 0.2 percent from a month ago. It was the highest in three months.
Prices for exported coal and oil products jumped 5.1 percent, while exported farm goods prices inched up 0.2 percent. Enditem