South Korea's PPI fell 0.2% in Sept, mainly due to oil price decrease, while consumer inflation slowed to 1.6% y-o-y.
In September, South Korea's producer price index (PPI) fell 0.2% for the second month in a row, largely due to decreasing industrial product prices, notably oil, which dropped by 0.7%. While overall producer prices declined, agricultural goods saw a 5.3% increase. Consumer inflation also slowed, with prices rising 1.6% year-on-year, the lowest rate in 3.5 years, compared to 2% in August.
October 22, 2024
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