South Korea's Producer Price Index (PPI) rose 0.3% in February, marking the third consecutive monthly increase due to higher costs for farm goods and oil products.
South Korea's Producer Price Index (PPI) rose 0.3% in February, marking the third consecutive monthly increase. The increase was attributed to higher costs for farm goods and oil products. Agricultural, livestock, and fishery product prices increased by 0.8%, while producer prices for industrial products, including oil products, rose by 0.5%. The price of electricity, natural gas, and tap water fell 0.9% due to cheaper natural gas for industrial use. Service prices increased 0.2% as a result of higher costs in the finance, insurance, and real estate sectors.
March 21, 2024
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