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Korea's producer prices in August fall at fastest rate in over 16 years

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저작자 미상 (저작물 2267374 건)

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공표년도

창작년도

2015-09-18

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Korea's producer prices have dropped to their lowest in five years‚ declining at the fastest rate since February of 1999.
The Bank of Korea said Friday the producer price index came in at 100.eight-eight last month.
This is down four.four percent from the previous year‚ …extending its downward streak for the 13th straight month.
The central bank attributed the slide to falling global oil prices‚ which have plunged over 30 percent from a year earlier.
In August‚ utilities namely electricity‚ gas and tap water fees dropped a combined ten.six percent from the previous year.
The price index covering manufactured goods was over seven-percent lower on-year‚ while the index for agricultural products gained four.four percent.
The producer price index is a barometer for future consumer inflation.
The change in the index is commonly reflected in consumer prices a month or two later.
Korea's consumer price growth remained weak‚ with inflation standing below one percent for the ninth consecutive month in August …also driven by low global oil prices and slack demand.
Park Se-young‚ Arirang News. Reporter :

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