South Korea's producer prices fall to 5.5-year lowStaff writer ▼ | November 19, 2015
Prices for goods and services offered by producers in South Korea fell in October to the lowest in five and a half years on the back of cheaper oil, central bank data showed.
Asian economy Producer price index was 99.75 in Korea
On a yearly basis, the PPI continued to decline for 15 straight months as crude oil prices kept a downward trend.
Industrial goods prices, including oil and chemical products, declined 0.9 percent in October from a month earlier, with farm goods prices sliding 4.3 percent.
Prices for electricity, tap water and gas gained 0.6 percent on-month in October, with service prices inching up 0.1 percent. ■