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S. Korea's import prices down for first time in 3 months amid fall in global oil price Updated: 2022-08-12 12:49:38 KST

As global oil prices tip downward, South Korea's import prices have dropped for the first time in three months.
The Bank of Korea says the overall import price index came to one-hundred-53.four-nine, down point-nine percent from June.
The central bank attributed it to lower oil prices, with the price of Dubai crude, Korea's benchmark, dropping around nine percent in a month.
However, import prices were up nearly 28 percent on-year.
Export prices were down two.one percent on-month, falling for the first time in seven months.
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