Xinhua, Seoul :
South Korea’s import prices fell for the first time in six months as the local currency appreciated to the U.S. dollar, central bank data showed on Tuesday.
The import price index stood at 83.12 in February, down 2.2 percent from the previous month, according to the Bank of Korea (BOK).
It was the first decline since August last year. The import prices reflect consumer price inflation in one to two months ahead. In recent months except February, the inflation was accelerated by higher prices of imported goods such as oil products and farm goods.
