S.Korea's producer price makes little change on lower farm goods price
Source: Xinhua   2018-07-20 16:16:06

SEOUL, July 20 (Xinhua) -- Prices for goods and services among South Korean suppliers made little change in June due to lower farm goods price, central bank data showed Friday.

Producer price index stood at 104.41 in June, almost unchanged from the previous month, according to the Bank of Korea (BOK).

The producer prices gained in April and May amid higher crude oil price, but it made little change last month due to lower prices for farm goods and crude oil.

Prices for agricultural, livestock and fishery products declined 3.3 percent in June from a month earlier, marking the biggest fall since October last year.

Dubai crude, South Korea's benchmark, averaged 73.61 U.S. dollars per barrel in June, down 1.1 percent from the previous month.

Cheaper crude oil led to the slower growth in industrial goods price, which rose 0.2 percent in June after increasing 0.4 percent in May.

Price for coal and oil products inched up 0.4 percent, with the figure for chemical products adding 0.6 percent.

Prices for electricity, tap water and natural gas were little changed last month. Costs for eatery and lodging services rose 0.1 percent, but transport service price shed 0.2 percent.

From a year earlier, the producer price index gained 2.6 percent, keeping an upward trend for 20 months in a row.

Editor: Shi Yinglun
Related News
Xinhuanet

S.Korea's producer price makes little change on lower farm goods price

Source: Xinhua 2018-07-20 16:16:06
[Editor: huaxia]

SEOUL, July 20 (Xinhua) -- Prices for goods and services among South Korean suppliers made little change in June due to lower farm goods price, central bank data showed Friday.

Producer price index stood at 104.41 in June, almost unchanged from the previous month, according to the Bank of Korea (BOK).

The producer prices gained in April and May amid higher crude oil price, but it made little change last month due to lower prices for farm goods and crude oil.

Prices for agricultural, livestock and fishery products declined 3.3 percent in June from a month earlier, marking the biggest fall since October last year.

Dubai crude, South Korea's benchmark, averaged 73.61 U.S. dollars per barrel in June, down 1.1 percent from the previous month.

Cheaper crude oil led to the slower growth in industrial goods price, which rose 0.2 percent in June after increasing 0.4 percent in May.

Price for coal and oil products inched up 0.4 percent, with the figure for chemical products adding 0.6 percent.

Prices for electricity, tap water and natural gas were little changed last month. Costs for eatery and lodging services rose 0.1 percent, but transport service price shed 0.2 percent.

From a year earlier, the producer price index gained 2.6 percent, keeping an upward trend for 20 months in a row.

[Editor: huaxia]
010020070750000000000000011100001373377851