South Korea PPI falls at slower rate in JuneStaff 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.
Korean economy The producer price index dropped 2.7 percent
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. ■