South Korea’s import price index falls sequentially in June, export price index remains unchanged

The South Korean export price index remained unchanged in June from the previous month, said the Bank of Korea in a statement. The index rose 4.9 percent in the last 12 months after rising 5.1 percent year-on-year in May. Within the export price index, manufacturing products rose 4.8 percent year-on-year, a slowdown from May’s 5.1 percent. Meanwhile, the agricultural, forestry and marine products rose 9.8 percent as compared with the rise of 7.4 percent seen in the previous month.

The import price index dropped 0.9 percent in June on a sequential basis, while it rose 2.3 percent in over the last 12 months. Capital goods index dropped 3.6 percent year-on-year, while consumer goods index fell 3.7 percent. Intermediate goods index fell 0.8 percent.