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South Korea: PPI falls in August for the first time in 2 years

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.

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