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[THE INVESTOR] South Korea’s producer prices fell 27 percent from a year earlier in June to 99.01 on declining coal and petroleum product prices, central bank data showed on July 19.
Compared to the 98.79 in May, the June figure reflected a slight increase.
Producer prices are a major indicator of future consumer inflation.
Prices of manufactured goods gained 0.5 percent on-month in June while those for agricultural and fisheries suffered a 1.7-percent on-month decline.
Utility prices, including electricity and water, remained unchanged from the previous month, according to the BOK.
By Kim Ji-hyun (jemmie@heraldcorp.com)
Compared to the 98.79 in May, the June figure reflected a slight increase.
Producer prices are a major indicator of future consumer inflation.
Prices of manufactured goods gained 0.5 percent on-month in June while those for agricultural and fisheries suffered a 1.7-percent on-month decline.
Utility prices, including electricity and water, remained unchanged from the previous month, according to the BOK.
By Kim Ji-hyun (jemmie@heraldcorp.com)
