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S. Korea's Producer Prices Rise for 10th Month in August

Written: 2021-09-24 09:00:41Updated: 2021-09-24 10:15:01

S. Korea's Producer Prices Rise for 10th Month in August

Photo : YONHAP News

Producer prices rose for a tenth consecutive month in August due to the rising prices of farm products and industrial goods.

According to the Bank of Korea(BOK) Friday, the producer price index for all commodities and services stood at 110-point-72 in August, up point-four percent from a month earlier.  

The index, a key barometer of future inflation, posted growth for the tenth straight month since November last year. Compared to a year earlier, the index has jumped seven-point-three percent. 

Prices of agricultural products rose two-point-one percent on-month, while livestock products rose one percent.  

Prices of industrial goods also gained point-four percent on-month in August, while service industry prices rose point-three-percent.

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