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S. Korea's Producer Prices Post Growth in December

Written: 2020-01-21 08:20:57Updated: 2020-01-21 09:03:25

S. Korea's Producer Prices Post Growth in December

Photo : YONHAP News

South Korea's producer prices posted growth in December, marking a turnaround from a month earlier.

According to data by the Bank of Korea(BOK) on Tuesday, the producer price index for all commodities and services came to 103-point-71 in the month, up point-three percent from a month earlier. 

The index, a key barometer of future inflation, marks a turnaround after it slipped point-two percent in October and point-one percent on-month in November.  

From a year earlier, the index increased point-seven percent, marking the first growth since July.

The BOK attributed the growth to rises in the producer prices of agricultural and fishery products, which jumped four percent in December.

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