S.Korea's import price keeps falling for 3 months

Source: Xinhua| 2020-10-16 15:02:10|Editor: huaxia

SEOUL, Oct. 16 (Xinhua) -- Price for imported goods to South Korea kept falling for three straight months through September on the back of cheaper crude oil, central bank data showed Friday.

The import price index declined 1.3 percent in September from a month ago, after skidding 0.8 percent in July and 1.1 percent in August respectively, according to the Bank of Korea (BOK).

Price for imported crude oil tumbled 6.3 percent last month, with the natural gas price dropping 12.4 percent.

Imported intermediary goods price slipped 0.4 percent, with those for imported capital and consumer goods falling 0.8 percent and 0.3 percent each.

The export price index shrank 0.3 percent in September from a month earlier, continuing a downward trend for two straight months.

Price for exported coal and oil products contracted 7.0 percent, while export price for chemical products gained 1.5 percent last month. Enditem