finance
South Korea Producer Prices Flat in June, Ending Nine-Month Rise
The producer price index stayed unchanged from May as lower petroleum and chemical prices offset gains in computers, electronics and other categories. Year-on-year prices rose 8.6 percent, Bank of Korea data showed.
Jul 21, 5:00 PM·1m read1 source
YonhapAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
South Korea's producer price index remained unchanged in June from the previous month after nine consecutive monthly increases, the Bank of Korea reported Wednesday. Lower prices for petroleum and chemical products offset rises in computers, electronic devices, financial services, agricultural products and industrial liquefied natural gas supply services.
The index had climbed 1 percent in May and 2.7 percent in April.
From a year earlier, producer prices advanced 8.6 percent in June. A Bank of Korea official said the pace of growth slowed due to lower energy prices but the impact is spilling over into other sectors. The same official added that these ripple effects are expected to put upward pressure on consumer prices.
The domestic supply price index, which includes both producer and import prices, rose 0.7 percent month-on-month in June. The Bank of Korea attributed the decline in petroleum and chemical prices to falling global oil prices after a ceasefire in the Middle East.
Transparency
How sources framed this
Single source — no framing comparison available.
CorroborationModerate · 1 source
