S.Korea's producer price rises for 3 months on expensive crude oil

Source: Xinhua| 2019-05-21 10:12:20|Editor: Shi Yinglun
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SEOUL, May 21 (Xinhua) -- Price for goods and services among South Korean suppliers rose for three months in a row on expensive crude oil, central bank data showed Tuesday.

The producer price index (PPI) stood at 103.67 in April, up 0.3 percent from a month earlier, according to the Bank of Korea (BOK).

The index continued to increase since February as global crude oil price gained ground. Dubai crude, South Korea's benchmark, averaged 72.13 U.S. dollars per barrel in April, up 6.7 percent from the previous month.

Price for industrial goods, including coal and oil product, added 0.3 percent in the cited period. Cola and oil product price advanced 4.1 percent, with price for gasoline and diesel picking up 9.9 percent and 2.6 percent each.

Prices for agricultural, livestock and fishery products went up 1.3 percent in April from a month earlier. Pork price jumped 13.5 percent, and egg price surged 39.5 percent.

Services price was up 0.2 percent in April on higher price for transport services. Price for food and lodging services kept rising since October last year.