Economic Buzz: South Korea Producer Prices Jump 9.2% On Year

20 May 2022 , 11:01 AM

Producer prices in South Korea jumped 9.2 percent on year in April, accelerating from 9.0 percent in March, according to the Bank of Korea. Individually, prices were down 1.5 percent on year for agricultural, forestry and marine products; up 14.4 percent for manufacturing products; up 16.0 percent for utilities; and up 2.8 percent for services. On a monthly basis, producer prices climbed 1.1 percent – slowing from 1.5 percent in the previous month. Individually, prices were up 2.0 percent on month for agricultural, forestry and marine products; up 1.2 percent for manufacturing products; up 4.5 percent for utilities; and up 0.4 percent for services.Powered by Commodity Insights