S. Korea's Producer Prices Down for Third Straight Month in May

Write : 2017-06-19 08:52:33 Update : 2017-06-19 10:46:28

S. Korea's Producer Prices Down for Third Straight Month in May

South Korea’s producer prices dropped for the third straight month in May due to a decrease in oil prices.
 
According to the Bank of Korea(BOK) on Monday, the producer price index reached 102-point-26 last month, down two tenths of a percent from a month earlier.
 
The index fell for three consecutive months since February when it marked 102-point-70.
 
Prices of coal and petroleum products slipped three-point-six percent last month, while egg prices more than doubled on-year due to the outbreak of avian influenza. Chicken prices also jumped about 70 percent.

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