In November, South Korea's producer prices experienced a modest increase of 0.1 percent over the previous month, according to data released by the Bank of Korea on Friday. This follows a slight decrease of 0.1 percent in October.
Breaking down the figures, prices for agricultural, forestry, and marine products saw a significant decline, dropping by 3.6 percent month-on-month. Conversely, prices for manufacturing products edged up by 0.1 percent, utilities saw a notable rise of 2.3 percent, and service prices experienced a slight reduction of 0.1 percent.
On an annual basis, producer prices advanced by 1.4 percent, a quicker pace compared to the 1.0 percent increase observed in the previous month. Specifically, prices for agricultural, forestry, and marine products decreased by 0.5 percent year-on-year. Meanwhile, manufacturing products saw a modest rise of 0.5 percent, utilities experienced a significant surge of 5.8 percent, and service prices increased by 2.1 percent.
The material has been provided by InstaForex Company - www.instaforex.com
Breaking down the figures, prices for agricultural, forestry, and marine products saw a significant decline, dropping by 3.6 percent month-on-month. Conversely, prices for manufacturing products edged up by 0.1 percent, utilities saw a notable rise of 2.3 percent, and service prices experienced a slight reduction of 0.1 percent.
On an annual basis, producer prices advanced by 1.4 percent, a quicker pace compared to the 1.0 percent increase observed in the previous month. Specifically, prices for agricultural, forestry, and marine products decreased by 0.5 percent year-on-year. Meanwhile, manufacturing products saw a modest rise of 0.5 percent, utilities experienced a significant surge of 5.8 percent, and service prices increased by 2.1 percent.
The material has been provided by InstaForex Company - www.instaforex.com