Korea's producer prices fall for third consecutive month in Dec.
- 5 years ago
South Korea's producer prices fell for the third consecutive month in December...mainly on lower global oil prices.
The Bank of Korea says last month's producer prices edged down zero-point-five percent on-month.
Agricultural goods prices went up...but falling oil prices drove down industrial goods prices by more than one percent.
Korea's benchmark Dubai crude tumbled near 13 percent on-month to trade at an average of 57 U.S. dollars...after falling by more than 17 percent on-month in November.
Services prices remained virtually unchanged in December.
The Bank of Korea says last month's producer prices edged down zero-point-five percent on-month.
Agricultural goods prices went up...but falling oil prices drove down industrial goods prices by more than one percent.
Korea's benchmark Dubai crude tumbled near 13 percent on-month to trade at an average of 57 U.S. dollars...after falling by more than 17 percent on-month in November.
Services prices remained virtually unchanged in December.