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Export Price Index Lowest in 30 Years due to Fall in Oil Prices

Written: 2015-12-11 12:45:40Updated: 2015-12-11 14:29:46

Export Price Index Lowest in 30 Years due to Fall in Oil Prices

Import and export prices are continuing their slide due to a fall in international oil prices.
 
The Bank of Korea said Friday that the export price index stands at 80-point-98 in November, down one percent from the previous month.
 
The figure is the lowest in 29 years and two months since September 1986.
 
Export prices slid eight-point-six percent on year, marking the biggest fall in ten months since January.
 
The import price index declined for the fifth month in a row to 77-point-03, down one-point-seven percent from October. The index was at its lowest in eight years and one month since October 2007.
 
Import prices plunged 15-point-six percent on year, which was the biggest fall in seven months. 

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