South Korea's producer prices remain flat in June
- 6 years ago
South Korea's producer prices remained flat in June on the back of cheaper agricultural goods prices.
The Bank of Korea says the production price index, a barometer of future consumer inflation, hit 104-point-four in June, similar from a month earlier.
Agofishery goods prices fell more than three percent as supply went up.
Rising global oil prices drove up production prices in April and May, but it fell slightly last month by about one percent, recording an average of 73-point-six U.S. dollars a barrel in June, lowering the price gain in industrial goods.
The Bank of Korea says the production price index, a barometer of future consumer inflation, hit 104-point-four in June, similar from a month earlier.
Agofishery goods prices fell more than three percent as supply went up.
Rising global oil prices drove up production prices in April and May, but it fell slightly last month by about one percent, recording an average of 73-point-six U.S. dollars a barrel in June, lowering the price gain in industrial goods.