Economic Buzz: South Korea Import Prices Rise 24.1% On Year In September

17 Oct 2022 , 12:07 PM

South Koreas import prices and export prices increased at faster paces in September, data from Bank of Korea showed. Import prices rose 24.1 percent year-on-year in September, after a 22.9 percent increase in August. Price for intermediate goods imports rose 17.1 percent annually in September and those of consumer goods imports increased by 12.2 percent. Export prices increased 15.2 percent annually in September, after a 13.0 percent rise in the previous month. On a monthly basis, import prices grew 3.3 percent in September, after a 0.9 percent decrease in the preceding month.Powered by Commodity Insights