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South Korean producer price continues to increase in October-

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  The price of goods and services among suppliers in South Korea continued to rise for the second straight month in October on a rise in electricity and natural gas rates central bank data showed on Thursday The producer price index PPI advanced 0 5 percent in October from the previous month after rising 0 1 percent in September according to the Bank of Korea BOK Growth was primarily driven by higher utility costs Producer prices for electricity natural gas and tap water rose 8 1 percent on a monthly basis in October The prices of agricultural livestock and fishery products fell 7 3 percent last month due to sharp falls in the prices of agricultural and livestock products The producer price of industrial products added 0 3 percent to expensive oil products The price of coal and oil products rose 1 9 percent and the price of food and beverages rose 0 4 percent last month The price of services increased 0 2 percent due to higher transportation costs and dining and lodging services Xinhua
South Korean producer price continues to increase in October-

South Korea

– The price of goods and services among suppliers in South Korea continued to rise for the second straight month in October on a rise in electricity and natural gas rates, central bank data showed on Thursday.

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The producer price index (PPI) advanced 0.5 percent in October from the previous month, after rising 0.1 percent in September, according to the Bank of Korea (BOK).

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Growth was primarily driven by higher utility costs. Producer prices for electricity, natural gas and tap water rose 8.1 percent on a monthly basis in October.

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The prices of agricultural, livestock and fishery products fell 7.3 percent last month due to sharp falls in the prices of agricultural and livestock products.

The producer price of industrial products added 0.3 percent to expensive oil products.

The price of coal and oil products rose 1.9 percent, and the price of food and beverages rose 0.4 percent last month.

The price of services increased 0.2 percent due to higher transportation costs and dining and lodging services. ■

(Xinhua)

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