Producer inflation in South Korea went up by 1.5 percent year-on-year in February 2024, from 1.3 percent in the previous month. It was the biggest increase in factory gate prices since April, as costs rose for agricultural, forestry, and marine products (+10.9 percent vs +9.8 percent in January) and electric power, water, and gas (+0.3 percent vs 0.0 percent). Meanwhile prices increased at a softer pace for services (0.9 percent vs 2.2 percent). On a monthly basis, factory gate prices rose by 0.3% in February after rising up by 0.5% in the prior month. source: The Bank of Korea

Producer Prices in South Korea increased 1.50 percent in February of 2024 over the same month in the previous year. Producer Prices Change in South Korea averaged 5.91 percent from 1966 until 2024, reaching an all time high of 47.40 percent in July of 1974 and a record low of -4.70 percent in November of 2015. This page provides - South Korea Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on March of 2024.

Producer Prices in South Korea increased 1.50 percent in February of 2024 over the same month in the previous year. Producer Prices Change in South Korea is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Producer Prices Change is projected to trend around 3.10 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-20 09:00 PM
PPI YoY
Jan 1.3% 1.2% 1.5%
2024-03-21 09:00 PM
PPI YoY
Feb 1.5% 1.3% 1.5%
2024-04-22 09:00 PM
PPI YoY
Mar 1.5% 1.8%


Related Last Previous Unit Reference
Export Prices 120.11 118.51 points Feb 2024
Export Prices YoY 4.20 3.60 percent Feb 2024
GDP Deflator 112.11 114.23 points Dec 2023
Import Prices 137.54 135.87 points Feb 2024
Import Prices YoY -0.20 0.50 percent Feb 2024
Inflation Expectations 3.20 3.00 percent Mar 2024
PPI MoM 0.30 0.50 percent Feb 2024
Producer Prices 122.21 121.83 points Feb 2024
PPI YoY 1.50 1.30 percent Feb 2024

South Korea Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.30 47.40 -4.70 1966 - 2024 percent Monthly
2010=100, NSA

News Stream
South Korea Producer Inflation Climbs to 10-Month High
Producer inflation in South Korea went up by 1.5 percent year-on-year in February 2024, from 1.3 percent in the previous month. It was the biggest increase in factory gate prices since April, as costs rose for agricultural, forestry, and marine products (+10.9 percent vs +9.8 percent in January) and electric power, water, and gas (+0.3 percent vs 0.0 percent). Meanwhile prices increased at a softer pace for services (0.9 percent vs 2.2 percent). On a monthly basis, factory gate prices rose by 0.3% in February after rising by 0.5% in the prior month.
2024-03-21
South Korea Producer Inflation Rises to 4-Month High
Producer inflation in South Korea rose to 1.3 percent from a year earlier in January 2024, from 1.2 percent in a month earlier. It marked the biggest growth since September, driven by higher cost of agricultural, forestry, and marine products (+9.8 percent vs +6.4 percent in December), while prices were steady for electric power, water, and gas (+0 percent vs -0.4 percent). Meanwhile cost rose at the same pace for services (2.2 percent). On a monthly basis, factory gate prices went up by 0.5% in January after edging up by 0.1% in the previous month.
2024-02-20
South Korea Producer Inflation Accelerates in December
Producer inflation in South Korea jumped to 1.2 percent from a year earlier in December 2023, from 0.6 percent in the previous month. The main upward pressure in factory gate prices came from electric power, water, and gas (+4.6 percent vs +3.8 percent in November) and services (2.2 percent vs 2.1 percent). Meanwhile, the cost of agricultural, forestry, and marine products (6.4 percent) rose at the same pace and the prices of manufacturing products fell at a slower pace (-0.4 percent vs -1.3 percent). On a monthly basis, factory gate prices edged up by 0.1% in December after declining by 0.4% in a month earlier.
2024-01-22