The Magazine for Asian Investors
South Korean central bank data showed Friday (Sept. 22) that pressure on South Korean producer prices eased in August. It was the first month in almost 2 years in which producer price inflation has eased.
The producer price index rose 8.4% in August from a year earlier. This is cooling from a 9.2% increase in July and the slowest growth rate since September 2021.
The index fell by 0.3% compared with the previous month. This is the first decline since October 2020.