Producer prices in South Korea rose 9.7 percent year-on-year in May of 2022, same as that in the previous month. It was the highest producer inflation since October of 2008, lifted by a sharp rise in prices of agricultural, forestry and marine products (1.3 percent vs -1.5 percent in April) and services (3.2 percent vs 2.9 percent). Meanwhile, prices eased for manufacturing products (14.8 percent vs 15.4 percent) and electric power, gas, water and waste (16.7 percent vs 16.9 percent). On a monthly basis, prices went up by 0.5 percent , slowing from a 1.6 percent rise in April. 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 June of 2022.
Producer Prices Change in South Korea is expected to be 5.70 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.