Producer prices in South Korea rose 9.9 percent year-on-year in June of 2022, unchanged from the previous month. It remained the highest producer inflation since October 2008, as prices advanced faster for agricultural, forestry, and marine products (1.7 percent vs. 1.3 percent in May) and services (3.3 percent vs. 3.2 percent). Meanwhile, prices eased for manufacturing products (15.1 percent vs. 15.2 percent) and electric power, gas, water, and waste (16.2 percent vs. 16.3 percent). Monthly, prices increased by 0.5 percent, slowing from a revised 0.7 percent rise in May. source: The Bank of Korea
Producer Prices Change in South Korea averaged 5.98 percent from 1966 until 2022, 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 August of 2022.
Producer Prices Change in South Korea is expected to be 4.00 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 2023, according to our econometric models.