South Korea Export Prices +7.1% On Month, +40.8% On Year In April

RTTNews | 119 days ago
South Korea Export Prices +7.1% On Month, +40.8% On Year In April

(RTTNews) - Export prices in South Korea were up 7.1 percent on month in April, the Bank of Korea said on Friday - easing from 17.0 percent in March.

Individually, export prices for agricultural, forestry and marine products was up 10.1 percent and manufacturing products rose 7.1 percent.

Import prices were down 2.3 percent on month after surging 18.0 percent in March.

Individually, import prices for raw materials sank 9.7 percent, while intermediate goods rose 2.1 percent, capital goods perked 0.4 percent and consumer goods were up 0.2 percent.

On a yearly basis, import prices jumped 20.2 percent and export prices surged 40.8 percent.

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Bank Of Korea Hikes Key Rate For Second Straight Time

Bank Of Korea Hikes Key Rate For Second Straight Time

The Bank of Korea raised its benchmark rate by a quarter-point for the second straight meeting on Thursday, to prevent broadening of inflationary pressures. The Monetary Policy Board of the Bank of Korea voted 6-1 to raise the base rate by 25 basis points to 3.00 percent. The bank had lifted the rate by a quarter-point at the previous meeting in July.
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