Producer prices in South Korea advanced 7.5 percent year-on-year in September of 2021, quickening from an upwardly revised 7.4 percent rise in the previous month. It was the highest rate since May of 2011, driven by prices of manufactured products (13.2 percent), electric power, gas, water & waste (3.2 percent) and services (2.4 percent). On a monthly basis, producer prices went up 0.2 percent, the 11th consecutive monthly rise amid higher costs of energy-related products, partly due to a hike in prices of coal and oil products, which increased 2.1 percent. source: The Bank of Korea
Producer Prices Change in South Korea averaged 5.94 percent from 1966 until 2021, reaching an all time high of 47.40 percent in July of 1974 and a record low of -4.70 percent in November of 2015. This page provides - South Korea Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Producer Prices Change in South Korea is expected to be 5.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Producer Prices Change is projected to trend around 2.50 percent in 2022, according to our econometric models.