S. Korea's producer prices dip on-month in Nov.
- 5 years ago
South Korea's producer prices dipped on-month in November.
This was mainly due to a drop in international oil prices... and stabilizing agricultural goods prices after they peaked in the summer.
Data released by the Bank of Korea on Friday shows producer prices in November edged down zero-seven-percent compared to the previous month.
Prices of agricultural goods fell by more than five-percent... while coal and petroleum goods plunged more than eight-percent.
Prices of Dubai crude, Korea's benchmark, tumbled more than 17-percent compared to the previous month to trade at an average of 65 U.S. dollars.
This was mainly due to a drop in international oil prices... and stabilizing agricultural goods prices after they peaked in the summer.
Data released by the Bank of Korea on Friday shows producer prices in November edged down zero-seven-percent compared to the previous month.
Prices of agricultural goods fell by more than five-percent... while coal and petroleum goods plunged more than eight-percent.
Prices of Dubai crude, Korea's benchmark, tumbled more than 17-percent compared to the previous month to trade at an average of 65 U.S. dollars.