South Korea’s PPI rises for the sixth month in a row due to rising energy prices

The Bank of Korea (BOK) has released its producer price index (PPI) for June. It rose for the 6th month in a row due to higher energy costs.

The PPI rose 0.5% month-on-month in June to 120.04, marking the sixth consecutive month of increase.

Producer prices for industrial products, including petroleum products, rose 0.7% in June from the previous month. Prices for coal and petroleum products rose 4.7% in June, but the price of major metal products fell 0.8%.

Prices for agricultural and fishery products rose 1.2% and 3.0%, respectively, while live cattle prices fell 1.1% in June.

Prices for services increased by 0.2%, and prices for electricity, natural gas, and tap water rose by 0.2%.

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