South Korea Producer Prices Rise 0.2% On Month In September

RTTNews | 1421 days ago
South Korea Producer Prices Rise 0.2% On Month In September

(RTTNews) - Producer prices in South Korea added 0.2 percent on month in September, the Bank of Korea said on Friday, following the 0.4 percent contraction in August.

Individually, agricultural, forestry & marine products rose 0.1 percent on month, as did manufacturing products. Utilities jumped 2.5 percent, while services slipped 0.2 percent.

On a yearly basis, producer prices rose 8.0 percent - easing from 8.2 percent in the previous month.

Individually, agricultural, forestry & marine products jumped 7.1 percent on year, while manufacturing products spiked 9.8 percent, utilities surged 25.2 percent and services rose 3.3 percent.

read more
Bank Of Korea Hikes Key Rate For Second Straight Time

Bank Of Korea Hikes Key Rate For Second Straight Time

The Bank of Korea raised its benchmark rate by a quarter-point for the second straight meeting on Thursday, to prevent broadening of inflationary pressures. The Monetary Policy Board of the Bank of Korea voted 6-1 to raise the base rate by 25 basis points to 3.00 percent. The bank had lifted the rate by a quarter-point at the previous meeting in July.
RTTNews | 15 days ago