South Korea's producer prices rose at the slowest annual pace in twenty months in December and the pace eased for a sixth month in a row, thanks to a let up in inflationary pressures in the manufacturing sector due to the fall in oil prices and a weaker dollar, preliminary figures from the Bank of Korea showed Friday.
The producer price index, or PPI, rose 6.0 percent year-on-year following a 6.2 percent increase in the previous month. The rate was the lowest since April 2021, when it was at the same level.
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by Jyotsna V
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