Financial News: South Korea Producer Prices Ease 0.1% In August

South Korea Producer Prices Ease 0.1% In August

09/23/2024 - 17:08:00 (RTTNews)

(RTTNews) - Producer prices in South Korea were down 0.1 percent on month in August, the Bank of Korea said on Tuesday - after adding 0.3 percent in July.

Individually, prices for agricultural, forestry and marine products jumped 5.3 percent on month, while manufacturing products fell 0.8 percent, utilities climbed 1.2 percent and services were flat.

On a yearly basis, producer prices rose 1.6 percent - slowing from 2.6 percent in the previous month.

Individually, prices for agricultural, forestry and marine products slumped 1.1 percent on year, while manufacturing products added 1.2 percent, utilities climbed 3.7 percent and services rose 2.1 percent.

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