S. Korea's producer prices drop 0.3 pct. m/m in June: BOK
- 5 years ago
6월 생산자물가 전월대비 0.3%↓…유가 내려 5개월만에 하락
South Korea's producer prices fell in June for the first time in five months... mainly because of cheaper oil and farm products.
That could mean lower prices for consumers down the road.
According to the Bank of Korea, the producter price index... edged down zero-point-three percent in June from the month before.
The BOK attributed the fall to a drop in the prices of petroleum and coal products.
Korea's benchmark Dubai Crude was down by 11 percent.
South Korea's producer prices fell in June for the first time in five months... mainly because of cheaper oil and farm products.
That could mean lower prices for consumers down the road.
According to the Bank of Korea, the producter price index... edged down zero-point-three percent in June from the month before.
The BOK attributed the fall to a drop in the prices of petroleum and coal products.
Korea's benchmark Dubai Crude was down by 11 percent.