Rising global oil prices push up South Korea's import prices in April
  • 6 years ago
South Korea's import prices posted a fourth consecutive month of growth in April on the back of rising global oil prices.
The Bank of Korea says the country's import price index gained one-point-two percent on-month in April, the highest on-month gain since September last year.
Dubai crude, South Korea's benchmark oil price, soared nearly nine percent on-month to an average of more than 68 U.S. dollars a barrel last month.
The export price index in April remained similar to that of the previous month's, recording 83-point-eight-five.
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