April 26, 2024
Economy
Producer prices decline in March
[THE INVESTOR] South Korea‘s producer prices fell slightly in March from a month earlier, the central bank said on April 19.
The producer price index, a barometer of future consumer inflation, slid 0.1 percent in March from a month earlier, according to the Bank of Korea.
The BOK attributed the fall to weaker oil prices and the won’s strengthening against the US dollar.
Prices of manufactured goods fell 0.3 percent in March from a month earlier, while prices of agricultural and fisheries goods remained unchanged from the previous month, data showed.
Utility prices, including electricity and water, gained 1 percent in March from February.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The producer price index, a barometer of future consumer inflation, slid 0.1 percent in March from a month earlier, according to the Bank of Korea.
The BOK attributed the fall to weaker oil prices and the won’s strengthening against the US dollar.
Prices of manufactured goods fell 0.3 percent in March from a month earlier, while prices of agricultural and fisheries goods remained unchanged from the previous month, data showed.
Utility prices, including electricity and water, gained 1 percent in March from February.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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