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South Korea Producer Price Inflation Slows In June

by RTTNews Staff Writer

South Korea’s producer price inflation slowed in June, data from Bank of Korea showed on Friday.

Producer prices rose 0.1 percent year-on-year in June, which was slower than the 0.4 percent increase in May.

Prices for agricultural, forestry and marine products and manufacturing products dropped 0.1 percent and 1 percent, respectively.

The price index for electric power, gas, water and waste, and services gained 2 percent and 1.4 percent, respectively in June.

Month-on-month, producer prices fell 0.3 percent in June, reversing a 0.1 percent rise in the previous month.

The domestic supply price index rose 0.7 percent annually in June and decline by 0.5 percent from a month ago.

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