S.Korea Sept import prices down for sixth month

SEOUL, Oct 15 - South Korea's import prices fell at a faster clip in September, stretching their annual decline to a sixth consecutive month, data showed on Thursday, implying consumer prices would stay stable in the near future.

Import prices in won <KRW=> terms fell 10.8 percent in September from a year earlier, steeper than a 7.0 percent drop in August, on cheaper international raw material prices, the Bank of Korea said in a statement.

Export prices in won terms also extended their fall to a fifth straight month, dropping 7.2 percent from a year ago and faster than a 1.1 percent decline in August.

South Korean import and export prices (percentage growth based on won value, not seasonally adjusted):

Sept Aug July Import prices Over previous year (pct) -10.8 -7.0 -12.9 Over previous month (pct) -1.9 2.1 0.0 Export prices Over previous year (pct) -7.2 -1.1 -2.7 Over previous month (pct) -1.8 0.2 0.7