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Economic Buzz: South Korea Producer Prices Up 8.4% On Year In February

23 Mar 2022 , 08:55 AM

South Korea producer prices were up 8.4 percent on year in February, the Bank of Korea said on Wednesday – slowing from 8.9 percent in January. Individually, prices for agricultural, forestry and marine products fell 6.6 percent on year, while manufacturing products jumped 14.0 percent, utilities climbed 12.0 percent and services rose 2.5 percent. On a monthly basis, producer prices rose 0.4 percent, down from 1.1 percent in the previous month.

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