South Korea’s import prices rose for the first time in six months in July 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 Thursday, the country’s import price index reached 134-point-87 in July, up zero-point-nine percent from a month earlier.

It marks the first rise since January.

The central bank attributed the rise to the depreciation of the local currency and higher global oil prices.

The South Korean won weakened zero-point-six percent on-month against the U.S. dollar last month, and the price of Dubai Crude, South Korea’s benchmark, rose two-point-three percent month-on-month in July. 

Meanwhile, the export price index rose one percent month-on-month to 128-point-19 in July, the first rise in four months.