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South Korea PPI falls at slower rate in June

Staff Writer | July 19, 2016
South Korea's producer prices continued to decline in June, though at a slower pace than in the previous month, preliminary figures from the Bank of Korea showed.
South Korea producer
Korean economy   The producer price index dropped 2.7 percent
The producer price index dropped 2.7 percent year-over-year in June, following a 3.0 percent stable rate of decrease in May.

Prices for manufacturing industry products dipped 4.8 percent annually in June and that for utility products plunged by 7.3 percent. At the same time, prices for agricultural, forestry and marine products rose 0.4 percent.

On a monthly basis, producer prices went up 0.2 percent from May, when it increased slightly by 0.1 percent.

Domestic supply price index slid 3.4 percent yearly in June, while it grew 0.4 percent from the preceding month.

Similarly, the total output price index slipped 3.4 percent in June from a year ago, while it edged up 0.2 percent, month-on-month.