logo
Plus   Neg
Share
Email

South Korea Producer Price Inflation At 3-Month Low

South Korea's producer price inflation slowed to the lowest level in three months in May after rising in the previous month, data from Bank of Korea showed on Thursday.

Producer prices rose 0.4 percent year-on-year in May, which was slower than 0.6 percent increase in April.

The latest inflation rate was the lowest since February, when it was 0.1 percent.

The price index for electric power, gas and water supply grew 2.1 percent annually in May.

Prices for agricultural, forestry and marine products and manufacturing products dropped 2.3 percent and 0.3 percent, respectively. At the same time, cost of services increased 1.2 percent annually.

Month-on-month, producer prices remained flat on May, after a 0.3 percent rise each in April and March.

The domestic supply price index rose 1.9 percent in May from a year ago and by 1.0 percent from April.

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.

Follow RTT