South Korean import prices up for fourth month

The import price index rose 3.9% last month from a month earlier, following a 0.5% on-month gain the previous month. — The Korea Herald

SEOUL: South Korea’s import prices rose for a fourth consecutive month in April due to an increase in oil prices and the South Korean won’s decline against the US dollar, central bank data show.

The import price index rose 3.9% last month from a month earlier, following a 0.5% on-month gain the previous month, according to preliminary data from the Bank of Korea (BoK).