April 26, 2024
Economy
Producer prices rise in Dec.
[THE INVESTOR] South Korea’s producer prices increased slightly in December, according to the central bank on Jan. 19.
The producer price index came to 100.79 in December, up from 99.02 a year earlier, according to preliminary data from the Bank of Korea. Producer prices serve as an indicator of future consumer inflation.
Monthly, the December index also gained from a revised 99.97 in November.
Prices of manufactured goods rose 2.8 percent in December from a year earlier, while that of agricultural and fisheries goods gained 7.3 percent during the same period, the data showed.
Utility prices, including electricity and water, fell 7.5 percent in December from a year earlier.
(theinvestor@heraldcorp.com)
The producer price index came to 100.79 in December, up from 99.02 a year earlier, according to preliminary data from the Bank of Korea. Producer prices serve as an indicator of future consumer inflation.
Monthly, the December index also gained from a revised 99.97 in November.
Prices of manufactured goods rose 2.8 percent in December from a year earlier, while that of agricultural and fisheries goods gained 7.3 percent during the same period, the data showed.
Utility prices, including electricity and water, fell 7.5 percent in December from a year earlier.
(theinvestor@heraldcorp.com)
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