World

S. Korea's producer price falls for 3rd month in June

SEOUL
2023-07-21 09:39

Already collect



SEOUL, July 21 (Xinhua) -- Price for goods and services among South Korean suppliers fell for the third consecutive month due to lower prices for oil and chemical products, central bank data showed Friday.

The producer price index (PPI) declined 0.2 percent in June from a month earlier, after retreating 0.4 percent in May and 0.1 percent in April, according to the Bank of Korea (BOK).

Producer price for industrial products, including oil products, went down 0.6 percent last month.

Price for coal and oil products dropped 3.7 percent, with those for chemical and metal products slipping 1.3 percent and 0.7 percent each.

Price for agricultural, livestock and fishery products among suppliers dipped 1.3 percent in June on a monthly basis, after gaining 1.5 percent in the previous month.

Price for electricity, natural gas and tap water advanced 1.8 percent in June from a month earlier, keeping an upward trend for the second straight month.

Service price among suppliers added 0.1 percent due to higher costs for finance and insurance, the eatery and lodging, and transport services.
Add comments

Latest comments

Latest News
News Most Viewed