[THE INVESTOR] Both export and import price indexes declined in December compared to a year ago, data from the Bank of Korea showed on Jan. 15.
The export price index was 84.50, down 1.6 percent from the previous month and down 2.1 percent from the same month in 2016.
The drop was attributed to the strengthened won against the US dollar, with the local currency being traded at 1,085.78 against the US dollar, compared to November’s 1,105.04 won.
Declines in export prices, were significant in the electronics and transport equipment sectors, which fell by 2.2 percent and 2.1 percent, respectively.
The import price index in December was 82.35, down 0.8 percent from the previous month.
(theinvestor@heraldcorp.com)