{
  "id": 805952,
  "title": "Import prices fall for 2nd month in July on oil prices decline, stronger won",
  "url": "https://urgent.news/2026/08/13/import-prices-fall-for-2nd-month-in-july-on-oil-prices-decline",
  "topic": "world",
  "section": "World",
  "published": "2026-08-13T21:00:08.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260813009300320"
  },
  "original_language": "en",
  "account": "Seoul, Aug. 14 (Yonhap) – Import prices declined for the second straight month in July, thanks to a stronger Korean won and lower oil prices amid ongoing Middle East tensions, according to central bank data released Friday. The import price index dropped 1 percent month-over-month, following a 4.2 percent decline in June, as per preliminary figures from the Bank of Korea (BOK). Year-on-year, the index increased 18.7 percent in July. The BOK explained that the month-over-month decrease was driven by the Korean won strengthening against the U.S. dollar by 2 percent over the month and Dubai crude prices slipping 3.4 percent. Raw material prices rose 0.8 percent in July, while intermediate goods fell 2.2 percent over the period. Import prices, a key factor in inflation, influence production costs and consumer prices across the supply chain, as stated by the central bank. The BOK data revealed that the export price index rose 1 percent in July from the prior month due to higher electronics prices, even with the strong currency. Compared to the previous year, the index surged 49.1 percent.",
  "summary": "SEOUL, Aug. 14 (Yonhap) -- Import prices fell for the second consecutive month i...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "New Voice of Ukraine",
        "title": "July deadliest month for civilians in Ukraine since March 2022 – UN",
        "url": "https://urgent.news/2026/08/13/july-deadliest-month-for-civilians-in-ukraine-since-march-2022-un",
        "published": "2026-08-13T14:50:00.000Z"
      },
      {
        "outlet": "The Indian Express",
        "title": "India’s goods exports jump 20% in July, trade deficit hits 6-month high",
        "url": "https://urgent.news/2026/08/13/indias-goods-exports-jump-20-in-july-trade-deficit-hits-6-month-high",
        "published": "2026-08-13T15:05:04.000Z"
      },
      {
        "outlet": "Qatar Tribune",
        "title": "July deadliest month in years for civilians in Ukraine: UN",
        "url": "https://urgent.news/2026/08/13/july-deadliest-month-in-years-for-civilians-in-ukraine-un",
        "published": "2026-08-13T21:00:00.000Z"
      }
    ]
  },
  "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."
}