15.12.200801:41:00UTC+00S. Korean Import Price Inflation Slows Significantly in November

Monday, the Bank of Korea said in a report that import price annual inflation in local currency terms slowed to 32% in November from 47.1% reported in October. On a monthly basis, import prices were down 6.6% compared to an increase of 4.1% in October.

At the same time, export prices rose 31.5% year-on-year in November, slower than the 38.6% increase logged in the previous month. Compared to prior month, export prices declined 3.3%, reversing October's 7.7% increase.

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