The export price index dropped 6.4%, faster than the 2.6%
annual decline in the previous month and the fastest since
August 2020.
Dubai oil prices were on average 29.2% lower in March than a
year before, and 4.4% lower than a month before, the Bank of
Korea said.
(Reporting by Jihoon Lee)
SEOUL, April 13 (Reuters) - South Korea's import prices
dropped in March at their fastest pace in 27 months, dragged
down by weaker oil prices, central bank data showed on Thursday.
The import price index, measured in the local won currency,
fell 6.9% in March from the same month a year before, much
faster than the 0.7% annual fall recorded in February and the
fastest since December 2020.
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