South Korea's import prices rose 0.7% in June due to a weaker won/dollar exchange rate.

South Korea's import prices rebounded in June, rising 0.7% from the previous month, due to a weaker local currency against the US dollar. The Bank of Korea reported an increase in the average won/dollar exchange rate to 1,380.13 won per dollar in June, up from 1,365.39 won in May. Import prices for intermediary goods, including oil products, increased 0.8% in June.

July 16, 2024
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