SEOUL, March 21 (Reuters) - South Korea's producer price
inflation softened in February for an eighth straight month to
stand at its lowest level in nearly two years, central bank data
showed on Tuesday.
The producer price index stood 4.8% higher in February than
a year earlier, easing from 5.1% in January and marking the
slowest annual rise since March 2021.
The annual rate continued its slowing trend for an eighth
consecutive month, after hitting a near 14-year high of 10.0% in
June 2022.
The index rose 0.1% over a month, also slower than 0.4% in
the previous month, according to the Bank of Korea.
(Reporting by Jihoon Lee; Editing by Clarence Fernandez)
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