Seoul, March 14 -- Price for imported goods to South Korea fell in February due to cheaper crude oil and the local currency's appreciation versus the U.S. dollar, central bank data showed Friday.
Import price index slipped 0.8 percent in February from a month earlier, after going up for the past four months, according to the Bank of Korea (BOK).
Price for Dubai crude, South Korea's benchmark, averaged 77.92 U.S. dollars per barrel in February, compared to 80.41 dollars in the previous month.
The average won/dollar exchange rate reached 1,445.56 won per dollar in February, compared to 1,455.79 won in the prior month.
Price for imported raw materials dived 2.3 percent in February on a monthly basis, turning downward in five months.
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