Producer price inflation in South Korea stabilized in June, official figures show.
The Bank of Korea said annual producer price inflation in South Korea was steady at 4.6% in June. The price of industrial products increased 5.6% compared to a year ago, while that of electricity, water & gas and agricultural, forest & marine products was up 6.1% and 3.6% respectively. Services prices increased 1.5%.
On a monthly basis, the producer price index fell 0.3% in June, partly reversing a 0.5% gain in the preceding month. Agricultural, forest & marine product prices slumped 6.3%.
Producer price inflation in South Korea stabilized in June, official figures show. (Market News Provided by RTTNews)
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