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.