S. Korea’s pro­ducer prices on the rise

China Daily (Canada) - - BUSINESS -

Pro­ducer prices in South Korea rose for four months in a row, herald­ing higher head­line inflation, cen­tral bank data showed. The pro­ducer price in­dex stood at 99.90 in Novem­ber, up 0.4 per­cent from the pre­vi­ous month, ac­cord­ing to the Bank of Korea. The in­dex has gained for four straight months, rising to its high­est level in 14 months. The higher price for goods and ser­vices among sup­pli­ers pointed to faster in­crease in con­sumer price inflation in the near fu­ture, an­a­lysts said. The PPI continued to rise as in­dus­trial prod­ucts and oil prod­ucts went higher amid rising global crude oil prices.

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