Seoul, November 15 (QNA) – South Korea’s central bank data showed Tuesday that import prices rose for the second straight month in October on high energy prices and the weak local currency that drove up overall import bills.
The import price index rose 1.5 percent in October from a month earlier, following a 3.4 percent on-month increase in September.
According to the preliminary data from the Bank of Korea (BOK), the index jumped 19.8 percent, compared with a year earlier.
The average price of South Korea’s benchmark stood at USD 91.16 per barrel in October, up 0.2 percent from a month earlier.
The won has also depreciated against the US dollar by about 12 percent so far this year.
Consumer prices, a key gauge of inflation, rose 5.7 percent in October from a year earlier, quickening from a 5.6 percent rise in September, government data showed. (QNA)
Tech Blog & Shop - By TFS