[South Korea's Choice Financial News Reporter] Import prices affected oil prices last month and won / dollar exchange rate has showed elevated levels of up to million two years. Export prices also went alongside continued to rise.
According to the Bank of Korea announced 14 days 'import and export price index in January 2017', last month import price index (2010 = 100 · Won basis) was 2.1% higher than in December last year (83.14) to 84.91. Not compared to last year jumped 13.2%.
Import price index climbed from last September consecutive five months totaled only 2 years 1 month to the highest since December 2014 (86.54).
The Bank of Korea explained, "The rising import prices influenced by international oil prices and the won / dollar exchange rate.
Dubai significant new barrel prices rose 3.1% last month average of $ 53.71 per month. Last month, the average won / dollar exchange rate rose 0.2% in December last year compared to 1185.10 won.
Imported inflation can be a factor to boost the already high consumer prices declining.
By the usage of raw materials rose 3.4% MoM in gwangsanpum impact of price increases. Intermediate goods 2.2% rise was 7.1% surge in coal and petroleum products and chemical products were also made 3.8% rise.
Last month, export price index rose 1.1% compared to December last year, 87.31. Export prices continued to rise also came second five months. Seafood rose by 7.4% YoY.
The Bank of Korea was analyzed, because export prices are rising won / dollar rate and the price of electrical and electronic equipment olratgi.
Agriculture, forestry and marine products and industrial goods than by item delivery rose 2.5% and 1.1%, respectively.
Coal and petroleum products, manufactured goods and of primary metal have risen 2.7%, respectively. Chemical products by 2.6%, electrical and electronic equipment rose by 1.1%.
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