S. Korea's producer prices up 0.3% m/m in March: BOK
- 5 years ago
South Korea's producer prices rose for the second consecutive month in March...mainly due to an increase in international oil prices.
According to the Bank of Korea on Friday, the production price index, a barometer of future consumer inflation, edged up zero-point-three percent on-month in March.
The central bank attributed the rise to an increase in prices of petroleum and coal products.
This comes after prices of Dubai crude, Korea's benchmark, rose by 3-point-6 percent during the same period.
According to the Bank of Korea on Friday, the production price index, a barometer of future consumer inflation, edged up zero-point-three percent on-month in March.
The central bank attributed the rise to an increase in prices of petroleum and coal products.
This comes after prices of Dubai crude, Korea's benchmark, rose by 3-point-6 percent during the same period.