Korea’s import prices fall for second straight month in September
Published: 15 Oct. 2024, 11:49
![A signboard at a gas station in Seoul shows gasoline and diesel prices on Sunday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/10/15/0c0eefe3-ec05-48bb-9047-56bd0ddf812c.jpg)
A signboard at a gas station in Seoul shows gasoline and diesel prices on Sunday. [YONHAP]
Korea's import prices fell for a second straight month in September due to a fall in global oil prices and the strengthening Korean won, central bank data showed Tuesday.
The import price index declined 2.2 percent last month from a month earlier following a 3.5 percent on-month fall the previous month, according to preliminary data from the Bank of Korea (BOK).
From a year earlier, import prices also fell 3.3 percent last month following a 1.8 percent on-year advance the previous month, the data showed.
Import prices are a major factor that determines the path of the country's overall rate of inflation.
Yonhap
with the Korea JoongAng Daily
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