World

S.Korea's producer price falls on low chip price

SEOUL
2019-12-20 08:39

Already collect

SEOUL, Dec. 20 (Xinhua) -- Price for goods and services, traded among South Korean suppliers, fell last month amid a low semiconductor price, central bank data showed Friday.

The producer price index (PPI) shed 0.1 percent in November from a month earlier, keeping a downward trend for the second consecutive month, according to the Bank of Korea (BOK).

It came amid the continued downturn of the global chip industry that led to lower semiconductor price.

Price for computer, electronic and optical devices declined 1.0 percent in November from a month ago, continuing to slide for the third straight month.

Chemical product price dipped 0.5 percent in the month, but price for coal and oil product advanced 0.6 percent.

Price for agricultural, livestock and fishery products gained 0.9 percent last month on expensive fishery and livestock products.

Price for electricity, tap water and natural gas went down 0.2 percent, while services price was unchanged.

From a year earlier, the PPI lost 0.1 percent in November, maintaining a downward trend for the fifth straight month.
Add comments

Latest comments

Latest News
News Most Viewed