South Korea's producer prices ceased its declining trend in November, preliminary figures from the Bank of Korea showed Tuesday.
The producer price index rose 0.7 percent year-over-year in November, reversing a 0.1 percent drop in October. In September, prices had fallen 1.1 percent.
Prices for manufacturing industry products grew 0.5 percent annually in November and those of agriculture, forestry and marine products surged by 8.1 percent. At the same time, the price index for utility products registered a decline of 6.4 percent.
Month-on-month, producer prices climbed 0.4 percent from October, when it increased by 0.3 percent.
The domestic supply price index went up 1.0 percent in November from a year ago and grew 1.5 percent from October. Similarly, total output price index rose 1.3 percent each annually and monthly in November.
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