Import prices post sharpest rise in over 28 yrs in March

Import prices posted their sharpest increase in more than 28 years in March, driven mainly by rising global oil prices amid the Middle East conflict, central bank data showed Wednesday. The import price index rose 16.1 percent on-month last month, accelerating sharply from a 1.5 percent increase in February, according to the preliminary data from the Bank of Korea. It marked the steepest gain since January 1998, when prices jumped 17.8 percent. The figure also marked the ninth consecutive monthl

By The Korea Herald