Producer prices rose for the second consecutive month in December due to the won’s sharp depreciation against the U.S. dollar and a rise in global oil prices. 

The Bank of Korea said Tuesday that the producer price index for all commodities and services rose zero-point-three percent from a month earlier to stand at 119-point-51 in December.

It marks the largest gain since July, when the figure also grew zero-point-three percent.
  
Compared with the same month last year, the index, a key indicator of future inflation, rose one-point-seven percent to post year-on-year increases for the 17th consecutive month.

The prices of agricultural, forestry and fishery products rose two-point-eight percent in December from a month earlier, while the prices of industrial goods gained zero-point-three percent amid the weakening local currency and rising oil prices. 

The prices of gas, water and electricity rose zero-point-four percent on-month in December, while the prices of services gained one-tenth of a percent.