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S. Korea's Producer Prices Up in April

Written: 2018-05-21 08:20:31Updated: 2018-05-21 09:07:54

S. Korea's Producer Prices Up in April

Photo : YONHAP News

South Korea's producer prices rose slightly in April on increasing crude oil prices.

According to data by the Bank of Korea(BOK) Monday, the producer price index -- a barometer of future consumer inflation -- came to 104-point-13 last month, up one tenth of a percent from a month earlier.

The index rose one-point-six percent year-on-year last month, marking the 18th consecutive month of gains.  

A BOK official attributed the rise to an eight-point-eight percent jump in crude oil prices last month.

Prices of agricultural products, which pushed up producer prices early this year, fell one-point-one percent in April, posing a decrease for the second consecutive month.

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