South Korea Producer Prices Rise 0.4% In July

RTTNews | 395 days ago
South Korea Producer Prices Rise 0.4% In July

(RTTNews) - Producer prices in South Korea were up 0.4 percent on month in July, the Bank of Korea said on Thursday.

That was in line with expectations and up from 0.1 percent in June.

Individually, producer prices for agricultural, forestry and marine products jumped 5.6 percent, while manufacturing products rose 0.2 percent, utilities shed 1.1 percent and services added 0.4 percent.

On a yearly basis, producer prices climbed 0.5 percent - steady from the previous month.

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South Korea Producer Prices Rise 0.2% In August

South Korea Producer Prices Rise 0.2% In August

Producer prices in South Korea were up a seasonally adjusted 0.2 percent on month in August, the Bank of Korea said on Friday - following the 0.4 percent contraction in July.
RTTNews | 2 days ago
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 | 24 days ago