South Korea Producer Prices Rise 0.5% In May

Producer prices in South Korea were up 0.5 percent on month in May, the Bank of Korea said on Thursday - slowing from 1.6 percent in April.

Individually, prices for agricultural, forestry and marine products climbed 1.5 percent, manufacturing products were up 0.8 percent, utilities fell 1.1 percent and services rose 0.4 percent.

On a yearly basis, producer prices jumped9.7 percent - unchanged from the previous month.

Agricultural prices rose 1.3 percent on year, while manufacturing products jumped 14.8 percent, utilities spiked 16.7 percent and services gained 3.2 percent.

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