South Korea's producer prices go up in February
- 6 years ago
South Korea's producer prices rose for the second month in a row in February.
The Bank of Korea says last month's producer price index, a barometer of future consumer inflation, reached 103-point-99, up zero-point-four percent compared to the previous month and one-point-three percent on-year.
The index is at its highest point since November 2014.
Prices of agricultural and fishery products jumped five-point-seven percent on-month, hitting a high not seen since mid-2016, due to the cold weather and soaring demand during the Lunar New Year holiday.
Prices of petrochemicals rose zero-point-eight percent from a month earlier, while service prices edged up a tenth of one percent.
The Bank of Korea says last month's producer price index, a barometer of future consumer inflation, reached 103-point-99, up zero-point-four percent compared to the previous month and one-point-three percent on-year.
The index is at its highest point since November 2014.
Prices of agricultural and fishery products jumped five-point-seven percent on-month, hitting a high not seen since mid-2016, due to the cold weather and soaring demand during the Lunar New Year holiday.
Prices of petrochemicals rose zero-point-eight percent from a month earlier, while service prices edged up a tenth of one percent.