South Korea's import prices rose for a third month in March due to oil price hikes and a stronger won.

South Korea's import prices rose for a third consecutive month in March due to higher oil prices and a stronger Korean won against the US dollar, according to Bank of Korea data. The import price index increased 0.4% in March, following 1.0% and 2.5% gains in the previous two months. From a yearly perspective, prices dropped 0.7%. Import prices are a key factor influencing South Korea's overall inflation rate.

April 15, 2024
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