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According to the Export and Import Price Index statistics released by the Bank of Korea today , the import price index (based on the Korean won, preliminary, 2020=100) stood at 159.37 for September, up 1.7% from 156.68 in August.
Oil surge and foreign sell-off lift Korea won-dollar rate to 1,345.1
A record-low Philippine peso, coupled with high oil prices, creates a double whammy that drives up domestic inflation and worsens the economic strain on Filipino households