South Korea’s import and export prices both rose for the fourth consecutive month in January amid the won’s depreciation against the U.S. dollar and a rise in global oil prices.
 
According to data from the Bank of Korea on Friday, the country’s import price index reached 145-point-22 in January, up two-point-three percent from a month earlier.

From a year earlier, the index rose six-point-six percent.

The central bank attributed the rise to the depreciation of the local currency, which weakened one-point-five percent on-month against the U.S. dollar last month.

The price of Dubai Crude, South Korea’s benchmark, jumped nine-point-eight percent month-on-month in January.

Meanwhile, the export price index rose one-point-two percent month-on-month to 135-point-12 in January.