Import prices fall again in Oct. on stronger S. Korean won, lower oil prices

Import prices fell again in October driven by a stronger South Korean won and lower oil prices, central bank data showed Friday. The import price index dropped 1.8 percent on-month last month, reversing from a 1.9 percent gain in September, according to the preliminary data from the Bank of Korea (BOK). The index had declined for three consecutive months since June. The BOK said the on-month decline came as the Korean won strengthened against the US dollar by 1.6 percent over the one-month perio

Source: The Korea Herald