South Korea's producer prices rise to near 4-year high in May
- 6 years ago
South Korea's producers prices rose to a near four-year high in May on the back of rising global oil prices.
The Bank of Korea says the producer price index, a barometer of future consumer inflation, hit one-hundred-four-point-four last month,... up zero-point-two percent from the previous month.
The producer price index for May marks the highest reading since October 2014.
Prices of industrial goods went up zero-point-four percent on-month.
Prices of petrochemical goods surged five-point-three percent on-month in May, posting the biggest gain in 16 months as the price of Dubai crude jumped nine percent to an average of 74-point-four U.S. dollars a barrel.
The Bank of Korea says the producer price index, a barometer of future consumer inflation, hit one-hundred-four-point-four last month,... up zero-point-two percent from the previous month.
The producer price index for May marks the highest reading since October 2014.
Prices of industrial goods went up zero-point-four percent on-month.
Prices of petrochemical goods surged five-point-three percent on-month in May, posting the biggest gain in 16 months as the price of Dubai crude jumped nine percent to an average of 74-point-four U.S. dollars a barrel.