South Korea's producer prices declined at a faster pace in January and at the steepest pace since July 2009, preliminary figures from the Bank of Korea showed Tuesday.
The producer price index fell 3.6 percent year-on-year in January, faster than December's 2.1 percent decline.
On a monthly basis, producer prices fell at a faster pace of 1.2 percent in January following a 1.0 percent drop in the prior month.
Prices of agricultural, forestry and marine products dipped 1.3 percent month-over-month in January and manufacturing industry product prices registered a fall of 1.9 percent. Prices in the Utility sector dropped by 2.4 percent.
Meanwhile, domestic supply price index tumbled 6.2 percent annually and fell 2.4 percent monthly in January.
Total output prices declined 4.5 percent in January from the previous year and slipped 1.9 percent from the preceding month.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.