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S. Korea's Producer Prices Rebound in February

Written: 2019-03-20 08:36:42Updated: 2019-03-20 10:13:36

S. Korea's Producer Prices Rebound in February

Photo : YONHAP News

South Korea's producer prices rebounded in February for the first time in five months due to a rise in prices of industrial products. 

According to data from the Bank of Korea on Wednesday, the producer price index, a barometer of future consumer inflation, reached 103-point-81 last month, up one tenth of a percent from a month earlier.

The reading marked the first on-month increase since October of last year. 
 
The central bank attributed the rise to a point-three percent on-month increase in prices of industrial goods amid recent upward trends in the prices of crude oil and raw materials.

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