ID :
19805
Wed, 09/17/2008 - 09:05
Auther :
Shortlink :
http://m.oananews.org//node/19805
The shortlink copeid
Korea's August import prices decline on weaker crude prices
SEOUL, Sept. 16 (Yonhap) -- South Korea's import prices in August declined for the first time in 14 months in August due mainly to lower costs of purchasing international crude oil, the central bank said Tuesday.
Import prices fell 4.4 percent from a month earlier, the first drop since June
2007 when they dropped 0.3 percent on-month, according to the Bank of Korea
(BOK). From a year earlier, however, prices still stayed high, jumping 42.6
percent.
The BOK attributed the monthly downturn to falling crude oil prices. Dubai crude,
South Korea's benchmark, recently plunged below US$100 per barrel after flirting
with the $150 mark in mid-July.
kokobj@yna.co.kr
(END)
Import prices fell 4.4 percent from a month earlier, the first drop since June
2007 when they dropped 0.3 percent on-month, according to the Bank of Korea
(BOK). From a year earlier, however, prices still stayed high, jumping 42.6
percent.
The BOK attributed the monthly downturn to falling crude oil prices. Dubai crude,
South Korea's benchmark, recently plunged below US$100 per barrel after flirting
with the $150 mark in mid-July.
kokobj@yna.co.kr
(END)
