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 July 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.

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South Korea Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-05-19 09:00 PM Apr 9.2% 9% 8.6%
2022-06-22 09:00 PM May 9.7% 9.7% 9.2%
2022-07-21 09:00 PM Jun 9.7%


Related Last Previous Unit Reference
GDP Deflator 109.03 107.42 points Mar 2022
Producer Prices 118.59 118.02 points May 2022
Producer Prices Change 9.70 9.70 percent May 2022
Export Prices 131.35 127.45 points May 2022
Import Prices 153.74 148.38 points May 2022
Inflation Expectations 3.90 3.30 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
9.70 9.70 47.40 -4.70 1966 - 2022 percent Monthly
2010=100, NSA

News Stream
South Korea Producer Inflation Holds at Over 13-1/2-Year High
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.
2022-06-22
South Korea Producer Inflation at 5-Month High
Producer prices in South Korea rose 9.2 percent year-on-year in April of 2022, accelerating from a 9 percent advance in the previous month. It was the highest producer inflation since November last year as prices advanced faster for electric power, gas, water & waste (16 percent vs 11.6 percent in March) and services (2.8 percent vs 2.7 percent) while they dropped at a softer pace for agriculture, forestry & marine products (-1.5 percent vs -6.3 percent). In contrast, prices eased for manufacturing products (14.4 percent vs 15.1 percent). On a monthly basis, prices went up 1.1 percent, slowing from a 1.5 percent gain in March.
2022-05-19
South Korea Producer Prices Climb 8.8% YoY in March
Producer prices in South Korea rose 8.8 percent year-on-year in March of 2022, accelerating from an upwardly revised 8.5 percent advance in the previous month. Prices advanced faster for manufacturing products (14.6 percent vs 14.3 percent in February) and services (2.7 percent vs 2.5 percent), while they dropped at a softer pace for agriculture, forestry & marine products (-13.7 percent vs -14.2 percent). In contrast, electricity, gas, water & waste prices eased (11.6 percent vs 12.4 percent). On a monthly basis, prices went up 1.3 percent, after a revised 0.5 percent gain in February.
2022-04-20