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South Korea Producer Prices Rise 2.5 Percent in April
South Korea's producer price index increased 2.5 percent in April from the previous month, marking the largest monthly gain since February 1998. The rise was driven primarily by higher petroleum and raw materials prices.
May 20, 5:00 PM·1m read1 source
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South Korea's producer prices increased at the fastest pace in more than 28 years in April, according to data released Thursday by the Bank of Korea. 43. The April reading also rose 6.
3 percent increase in chemical products. 2 percent on-month.
The increase followed eight consecutive monthly rises since September last year. Producer prices serve as a leading indicator of future consumer inflation trends. -Israeli strikes on Iran, has escalated into a broader regional crisis and pushed up global oil prices amid supply disruptions.
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