November’s producer prices fall at lowest rate in a year

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November’s producer prices fall at lowest rate in a year

Korea’s producer prices fell in November at their slowest annual rate in a year, central bank data showed yesterday, and prices dropped for a 14th straight month.

The producer price index (PPI) in November edged down 0.9 percent from a year earlier, Bank of Korea data showed, compared to a 1.4 percent fall in October.

It was the smallest drop since November 2012, when prices eased at the same pace.

The data showed prices fell less last month due to price changes in industrial goods, which have the heaviest weighting on the scale, especially coal and petroleum products.

In monthly terms, the producer price index ticked down 0.2 percent in November, barely changed from a 0.4 percent fall in October.

Reuters

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