S. Korea's import price rises for 6th month in December-Xinhua

S. Korea's import price rises for 6th month in December

Source: Xinhua

Editor: huaxia

2026-01-14 09:15:30

SEOUL, Jan. 14 (Xinhua) -- The price for imported goods to South Korea rose for the sixth successive month due to the local currency's depreciation against the U.S. dollar, central bank data showed Wednesday.

The import price index grew 0.7 percent in December of 2025 from a month earlier, continuing to go up since July last year, according to the Bank of Korea.

The consecutive growth was affected by the local currency's descent versus the greenback that offset cheaper crude oil.

Price for Dubai crude, South Korea's benchmark, averaged 62.05 dollars per barrel in December, down from 64.47 dollars in the previous month.

The average South Korean won versus U.S. dollar exchange rate advanced to 1,467.40 won per dollar in December from 1,457.77 won in November.

Price for imported raw materials inched up 0.1 percent in December on a monthly basis, lower than an increase of 2.7 percent in the prior month.

Import price for intermediary goods climbed 1.0 percent last month, continuing to expand for the sixth consecutive month.

Prices for imported capital and consumer goods swelled 0.7 percent and 0.4 percent each.

The export price index gained 1.1 percent in December from a month earlier, keeping an upward trend since July.