S Korea’s producer prices rise on expensive crude oil

South Korean suppliers rose last month on expensive crude oil, central bank data showed Monday, reports Xinhua from Seoul.

The producer price index stood at 104.13 in April, up 0.1 per cent from the previous month, according to the Bank of Korea (BOK).

It was the rebound from no change in March as crude oil prices advanced last month. Prices for industrial products inched up 0.1 per cent due to higher prices of coal and oil products, which jumped 3.1 percent.

Prices for agricultural products declined 1.1 per cent in April, after dipping 0.9 per cent in the previous month. Lower farm goods prices limited the producer prices’ further gain.

Fishery product prices slumped 0.8 percent, but those for livestock products picked up 3.6 percent.

Prices for electricity, natural gas and tap water rose 0.1 percent, with services prices adding 0.1 percent.

From a year earlier, the producer price index went up 1.6 per cent in April, keeping an upward trend for 18 straight months.

 

S Koreas producer prices rise on expensive crude oil

South Korean suppliers rose last month on expensive crude oil, central bank data showed Monday, reports Xinhua from Seoul. The producer price index stood at 104.13 in April, up 0.1 per cent from the previous month, according to the Bank of Korea (BOK). It was the rebound from no change in March as crude oil prices advanced last month. Prices for industrial products inched up 0.1 per cent due to higher prices of coal and oil products, which jumped 3.1 percent. Prices for agricultural products declined 1.1 per cent in April, after dipping 0.9 per cent in the previous month. Lower farm goods prices limited the producer prices further gain. Fishery product prices slumped 0.8 percent, but those for livestock products picked up 3.6 percent. Prices for electricity, natural gas and tap water rose 0.1 percent, with services prices adding 0.1 percent. From a year earlier, the producer price index went up 1.6 per cent in April, keeping an upward trend for 18 straight months.