South Korea Export Prices Climb 1.0% In July

RTTNews | 403 days ago
South Korea Export Prices Climb 1.0% In July

(RTTNews) - Export prices in South Korea were up 1.0 percent on month in July, the Bank of Korea said on Thursday - after shrinking 1.2 percent in June.

On a yearly basis, export prices fell 4.3 percent after shedding 4.5 percent in the previous month.

Individually, export prices for agricultural, forestry and marine products jumped 4.2 percent on month and 7.8 percent on year and manufacturing products added 1.0 percent on month but fell 4.3 percent on year..

Import prices were up 0.9 percent on month and down 5.9 percent on year after slipping 0.7 percent on month and 6.2 percent on year in June.

Individually, import prices for raw materials rose 1.5 percent on month but tumbled 12.8 percent on year and consumer goods rose 0.5 percent on month and 0.6 percent on year.

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South Korea Producer Prices Rise 0.2% In August

South Korea Producer Prices Rise 0.2% In August

Producer prices in South Korea were up a seasonally adjusted 0.2 percent on month in August, the Bank of Korea said on Friday - following the 0.4 percent contraction in July.
RTTNews | 3 days ago
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.
RTTNews | 25 days ago