S. Korea’s producer prices on the rise
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.