S. Korea's producer prices up 0.3% m/m in April

  • 5 years ago
South Korea's producer prices rose for the third consecutive month in April,... mainly due to an increase in industrial goods prices.
The Bank of Korea says the production price index, a key barometer of future consumer inflation, edged up zero-point-three percent on-month in April.
The central bank attributed the rise to higher prices of industrial goods like petroleum products, which rose zero-point-three percent on higher global oil prices.
Agricultural goods prices jumped over one percent on-month on increased demand for livestock products.