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Financial News: South Korea Producer Prices Rise For Second Month

South Korea Producer Prices Rise For Second Month

02/19/2020 - 23:19:00 (RTTNews)

(RTTNews) - South Korea's producer prices increased for the second time in January, data published by Bank of Korea showed on Thursday.

Producer prices increased 1.0 percent year-on-year in January, after a 0.7 percent rise in December.

The latest annual growth was driven by a 5.4 percent rise in agricultural, forestry and marine products prices. Prices for electric power, gas, water and waste, and services gained 2.8 percent and 1.3 percent, respectively.

Prices for manufacturing products rose 0.2 percent.

On a monthly basis, producer prices rose 0.2 percent in January, slower than 0.3 percent increase in the prior month.

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