South Korea Import Prices Rise In March

South Korea’s import prices and export prices increased at faster paces in March, data from Bank of Korea showed on Thursday.

Import prices rose 35.5 percent year-on-year in March, following a 30.7 percent growth in February.

Export prices increased 22.8 percent annually in March, following a 20.5 percent rise in the previous month.

On a monthly basis, import prices gained 7.3 percent in March, following a 4.6 percent increase in the preceding month.

Export prices grew 5.7 percent monthly in March, following a 2.2 percent rise in the prior month.