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Financial News: South Korea Producer Prices Fall In October

South Korea Producer Prices Fall In October

11/20/2019 - 00:21:00 (RTTNews)

(RTTNews) - South Korea's producer prices decreased further in October, data published by Bank of Korea revealed on Wednesday.

Producer prices declined 0.6 percent year-on-year in October, following a 0.8 percent fall in September.

The latest annual decline was driven by a 3.0 percent drop in agricultural food prices and a 2.2 percent fall in manufacturing products prices.

Meanwhile, electric power, gas, water and waste prices rose 2.6 percent and services cost gained 1.2 percent.

On a monthly basis, producer prices fell 0.2 percent in October, reversing a 0.1 percent rise in the prior month.

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