South Korea’s import prices rose for the second consecutive month in August mainly due to the won’s depreciation against the U.S. dollar. 
 
According to data the Bank of Korea released Tuesday, the country’s import price index reached 135-point-21 in August, up zero-point-three percent from a month earlier.

The central bank said that despite a drop in global oil prices, the depreciation of the local currency had pushed up import prices.

The won weakened one-point-one percent on-month against the U.S. dollar last month to one-thousand-389-point-66 won. 

Dubai Crude, South Korea’s benchmark, however, dropped two-point-one percent month-on-month in August. 

Meanwhile, the export price index grew zero-point-seven percent month-on-month to 128-point-73 in August, rising for the second month in a row.