SEOUL, Oct. 11 (Xinhua) -- South Korea's import prices fell sharply last month as the local currency rose against the U.S. dollar, central bank data showed Friday.
In local currency terms, import prices sank 2.3 percent in September from a month earlier after rising 0.6 percent in the prior month, according to the Bank of Korea.
From a year earlier, the prices dropped 8.1 percent last month, maintaining its downward trend for the 13th consecutive month.
The South Korean currency appreciated 2.7 percent to the dollar last month, lowering prices of imported goods. It relieved an upward pressure from higher prices of Dubai crude, South Korea's benchmark, which gained 0.8 percent in September.
Prices in imported raw materials slid 2.1 percent in September from a month earlier after gaining 1.8 percent in the previous month.
Those for intermediate goods such as oil, chemical and steel products retreated 2.4 percent last month on an on-month basis. Prices for capital and consumer goods slid 2.9 percent and 2 percent respectively.
In contract currency terms, import prices rose 0.4 percent on- month in September, indicating that global product prices advanced amid higher oil costs.