Saturday, 21 September 2019 06:17 GMT
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South Korean farm goods, oil production price decline




(MENAFN)

South Korean bank released data that showed on Wednesday that goods and services price in South Korean suppliers have decreased in the previous month on lower priced farm goods and oil products.

The Bank of Korea said that the producer price index (PPI) shed 0.3 percent in July since the previous year, being the first decrease in 33 months.

It resulted in lower prices of farm goods and oil products, prices for agricultural, forestry and fishery products dropped 4.5 percent in July from the past year, coal and oil products decreased 8.3 percent last month.

In comparison with the last month, the PPI changed when prices for electricity, tap water and natural gas added 0.4 percent in the month.

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South Korean farm goods, oil production price decline

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