South Korea’s import and export prices fell for the first time in five months in February.
 
According to data from the Bank of Korea on Friday, the country’s import price index reached 143-point-95 in February, down zero-point-eight percent from a month earlier.

It marks the first drop since September.

The central bank attributed the fall to the appreciation of the local currency and a drop in global oil prices.

The South Korean won strengthened zero-point-seven percent on-month against the U.S. dollar last month, and the price of Dubai Crude, South Korea’s benchmark, dropped three-point-one percent month-on-month in February. 

Meanwhile, the export price index dropped zero-point-six percent month-on-month to 134-point-56 in February.