Korea's producer prices stay flat in March
- 6 years ago
South Korea's producer prices stayed steady in March from the previous month as prices of agricultural products stabilized.
The Bank of Korea says last month's producer price index, a barometer of future consumer inflation, reached 104-point-zero-seven, slightly above February's figure.
On-year, the index is up one-point-four percent, marking 17 consecutive months of gains since November 2016.
Prices of agricultural products fell zero-point-four percent on-month, a sharp turnaround from February's nine-point-two percent spike that was caused by soaring demand during the Lunar New Year holiday and a drop in supply caused by the cold weather.
Prices of industrial goods also remained unchanged in March from a month earlier, while service prices edged up a tenth of one percent.
The Bank of Korea says last month's producer price index, a barometer of future consumer inflation, reached 104-point-zero-seven, slightly above February's figure.
On-year, the index is up one-point-four percent, marking 17 consecutive months of gains since November 2016.
Prices of agricultural products fell zero-point-four percent on-month, a sharp turnaround from February's nine-point-two percent spike that was caused by soaring demand during the Lunar New Year holiday and a drop in supply caused by the cold weather.
Prices of industrial goods also remained unchanged in March from a month earlier, while service prices edged up a tenth of one percent.