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South Korea's Import Price Growth Slowest In 2 Years

Annual growth in South Korea's import prices eased to the lowest level in two years in March, data from Bank of Korea showed Monday.

The rate of increase in the import price index eased to 3.5 percent year-on-year in March from 5.2 percent in February. March's increase was the slowest since prices fell 4.3 percent in March 2010.

Month-on-month, the import price index rose 1.7 percent, following a 0.5 percent rise in the preceding month.

Meanwhile, the export price index remained unchanged compared to last year, while rising 0.5 percent from a month earlier.

by RTTNews Staff Writer

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