S. Korea's Producer Prices Down 0.4% in July
4 Articles
4 Articles
(Seoul = Yonhap News) Reporter Han Ji-hoon = The domestic producer price index turned downward last month for the first time in 11 months. Although agricultural prices surged due to the heatwave, the decline in international oil prices...
Producer prices fell by 0.4% in July, the first decline in 11 months, due to falling international oil prices. Although prices for petroleum products and financial services declined, uncertainty regarding price fluctuations persists as prices for agricultural products such as spinach surged due to the heatwave, and prices rose simultaneously due to increased demand for semiconductors.
South Korea's Producer Price Inflation Eases To 7.7% In July, Signaling Cooling Cost Pressures
BitcoinWorld South Korea’s Producer Price Inflation Eases to 7.7% in July, Signaling Cooling Cost Pressures South Korea’s Producer Price Index (PPI) growth slowed to 7.7% year-on-year in July, down from a revised 8.6% in June, according to data released by the Bank of Korea. This marks the second consecutive month of easing producer inflation, suggesting that cost pressures at the wholesale level are beginning to moderate, though they remain el…
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