S.Korea's import price keeps rising for 5 months in September

2021-10-14 06:05:59 GMT2021-10-14 14:05:59(Beijing Time) Xinhua English

SEOUL, Oct. 14 (Xinhua) -- Price for imported goods to South Korea kept rising for five straight months in September due to expensive raw materials, central bank data showed Thursday.

The import price index came in at 124.58 in September, up 2.4 percent from a month earlier, according to the Bank of Korea (BOK).

The index hit the highest since February 2014, keeping an upward trend for the fifth consecutive month since May.

Price for imported mining products gained 5.1 percent in September from a month earlier, and the import price for coal and oil products advanced 5.7 percent.

Dubai crude, South Korea's benchmark, went up 4.5 percent last month.

The export price index stood at 114.18 in September, up 1.0 percent from the previous month.

Price for exported coal and oil products added 6.0 percent, and those for chemical products and electric equipment rose 1.4 percent and 1.1 percent each last month. Enditem