Stronger dollar drives import price increases

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Stronger dollar drives import price increases

Stronger dollar pushed Korea’s import prices higher for the second consecutive month, according to the Bank of Korea’s August export-import price index. Coffee prices surged 13.4%, leading hikes among key items including pigments (3.8%), precious metal products (2.4%), flash memory (1.0%), and frozen seafood (1.1%). This photo shows coffee beans displayed at a hypermarket in Seoul on Sept. 16. [YONHAP]

Stronger dollar pushed Korea’s import prices higher for the second consecutive month, according to the Bank of Korea’s August export-import price index. Coffee prices surged 13.4%, leading hikes among key items including pigments (3.8%), precious metal products (2.4%), flash memory (1.0%), and frozen seafood (1.1%). This photo shows coffee beans displayed at a hypermarket in Seoul on Sept. 16. [YONHAP]

A stronger dollar pushed Korea’s import prices higher for the second consecutive month, according to the Bank of Korea’s August export-import price index. Coffee prices surged 13.4%, leading hikes among key items including pigments (3.8%), precious metal products (2.4%), flash memory (1.0%) and frozen seafood (1.1%). This photo shows coffee beans displayed at a hypermarket in Seoul on Sept. 16. [YONHAP]
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