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South Korea Dec import price growth slowest in 21 months

13 Tháng Giêng 2023
South Korea Dec import price growth slowest in 21 months © Reuters. FILE PHOTO: A South Korea won note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration

SEOUL (Reuters) - South Korea's import prices rose at their slowest pace in 21 months in December, as the local won currency strengthened and oil prices fell, implying weakening pressure on consumer inflation.

The prices of the country's imports stood 9.1% higher in December than a year ago, in terms of the won currency, compared with 14.0% in November and a near 14-year high of 36.5% in May, central bank data showed on Friday. It marked the slowest annual rise since March 2021.

Those of exports also rose at a slower rate of 3.1%, down from 8.3% in the previous month, and marked the slowest since February 2021, also affected by a stronger won.

In December, the dollar/won exchange rates were on average 5.0% lower than in November, while Dubai oil prices were 10.5% lower, according to the Bank of Korea.

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04-12-2023 19:02:55 (UTC+7)

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 EUR/USD1.0866↑ Sell
 GBP/USD1.2680Neutral
 USD/JPY146.55↑ Buy
 AUD/USD0.6651↑ Sell
 USD/CAD1.3539↑ Sell
 EUR/JPY159.25↑ Sell
 EUR/CHF0.9485↑ Sell
 Gold2,088.75↑ Sell
 Silver25.562Neutral
 Copper3.8658↑ Buy
 Crude Oil WTI73.85↑ Buy
 Brent Oil78.65↑ Buy
 Natural Gas2.737Sell
 US Coffee C179.15↑ Sell
 Euro Stoxx 504,410.85↑ Sell
 S&P 5004,594.63↑ Buy
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 IBEX 3510,155.19↑ Sell
 BASF43.513Buy
 Bayer30.88↑ Sell
 Allianz234.13Buy
 Adidas194.35↑ Sell
 Lufthansa8.315↑ Sell
 Siemens AG157.33Neutral
 Deutsche Bank AG11.517Sell
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