Import and export prices rise for second straight month at high exchange rate

Import prices have risen for two consecutive months amid the high exchange rate.

The import price index rose 1.1 percent last month from October, according to the Bank of Korea.

International oil prices fell, but the won-dollar exchange rate rose, pushing import prices higher, led by primary metal products and coal and petroleum products.

Import prices also rose 2.1% in October from the previous month, continuing the rise in import prices for the second consecutive month.

As the exchange rate rose, export prices also rose 1.6%, mainly coal and petroleum products, for a second month.