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Financial News: South Korea PPI Inflation Slows Further

South Korea PPI Inflation Slows Further

12/18/2017 - 23:44:00 (RTTNews)

(RTTNews) - South Korea's producer price inflation eased for the second straight month in November, preliminary figures from the Bank of Korea showed Tuesday.

The producer price index climbed 3.1 percent year-over-year in November, slower than the 3.6 percent increase in October.

Prices for manufacturing industry products grew 4.5 percent annually in November and those of agricultural, forestry and marine products went up by 2.3 percent.

At the same time, the price index for utility products registered a decline of 1.8 percent.

On a monthly basis, producer prices edged down 0.1 percent from October, when it increased by 0.1 percent.

The domestic supply price index rose 2.9 percent yearly in November, while it decreased 0.4 percent from a month earlier.

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