Prices of agricultural products fell 4.6% from the previous month, while coal and petroleum products were down 1.3%, contributing to the slowdown in inflation. (Reporting by Jihoon Lee; Editing by Kim Coghill)
SEOUL, April 21 (Reuters) - South Korea's producer
inflation slowed in March to the weakest level in 25 months,
central bank data showed on Friday, led by agricultural and
petroleum products.
The producer price index stood 3.3% higher in March than a
year before, compared with 4.8% in February, according to the
Bank of Korea. It was the slowest annual rise since February
2021.
The index rose 0.1% on a monthly basis, marking the third
straight monthly rise, but that was slower than gains of 0.2%
and 0.4% in February and January.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.