{
  "id": 19707668,
  "title": "Import prices fall again in Oct. on stronger S. Korean won, lower oil prices",
  "url": "https://urgent.news/2026/11/12/import-prices-fall-again-in-oct-on-stronger-s-korean-won-lower-oil",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T21:00:08.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20261112010000320"
  },
  "original_language": "en",
  "account": "South Korea's import prices dropped once again in October, according to data released by the central bank on Friday. The index fell by 1.8 percent month-on-month, marking a reversal from a 1.9 percent increase seen in September. This is the third consecutive monthly decline since June. The Bank of Korea (BOK) attributes the on-month decrease to the South Korean won strengthening by 1.6 percent against the US dollar and Dubai crude oil prices falling by 2.6 percent. In October, raw material prices decreased by 3 percent compared to the previous month, while intermediate goods dropped by 1 percent over the same period, as per BOK data. Import prices play a crucial role in inflation, impacting production costs and consumer prices across the supply chain, stated the central bank. The BOK data also revealed that South Korea's export price index increased by 0.7 percent in October from the previous month, reversing a 0.5 percent on-month decline in September and a 3.5 percent drop in August.",
  "summary": "SEOUL, Nov. 13 (Yonhap) -- Import prices fell again in October driven by a stron...",
  "key_points": [
    "South Korean import prices fell 1.8% in October, reversing September's 1.9% rise",
    "South Korean won strengthened 1.6% against US dollar",
    "Dubai crude oil prices dropped 2.6%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}