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.

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South Korea Producer Prices Change


Calendar GMT Actual Previous Consensus TEForecast
2021-09-23 09:00 PM Aug 7.3% 7.4% 7.7%
2021-10-20 09:00 PM Sep 7.5% 7.4% 7.8%
2021-11-18 09:00 PM Oct 7.5%


News Stream
South Korea September Producer Inflation Highest since 2011
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.
2021-10-20
South Korea Producer Inflation Eases Slightly in August
Producer prices in South Korea advanced 7.3 percent year-on-year in August of 2021, easing from an upwardly revised 7.4 percent jump in the previous month, which was the highest since June of 2011. On a monthly basis, producer prices went up 0.4 percent, the 10th consecutive monthly rise mainly due to higher cost of food and energy.
2021-09-23
South Korea Producer Inflation Rises to Decade High
Producer prices in South Korea jumped 7.1 percent year-on-year in July of 2021, accelerating from an upwardly revised 6.6 percent rise in the previous month. It was the highest producer inflation since June of 2011, as cost advanced faster for manufacturing products (11.8 percent vs 11.1 percent in June). Also, prices rebounded for electric power, gas, water & waste (1.8 percent vs -3.1 percent) and inflation was steady for services (at 2.3 percent). On the contrary, cost slowed for agricultural, forestry & marine products (8.4 percent vs 10.7 percent). On a monthly basis, producer prices went up 0.7 percent, extending their monthly gains for the ninth straight month and following a 0.5 percent gain in June.
2021-08-19

South Korea Last Unit Reference Previous Highest Lowest
GDP Deflator 107.08 points Jun/21 106.21 107.45 0.74
Producer Prices 111.13 points Sep/21 110.86 111.13 5.03
Producer Prices Change 7.50 percent Sep/21 7.40 47.40 -4.70
Export Prices 114.18 points Sep/21 113.00 202.14 17.87
Import Prices 124.58 points Sep/21 121.61 145.47 5.99
Inflation Expectations 2.40 percent Sep/21 2.40 4.60 1.60


South Korea Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.