South Korea Producer Prices Fall For Third Month

South Korea’s producer prices decreased for the third month in a row in September, data published by Bank of Korea revealed on Tuesday.

Producer prices declined 0.7 percent year-on-year in September, following a 0.6 percent fall in August. In July, price had decreased 0.3 percent.

The latest annual decline was driven by a 12.8 percent drop in agricultural food prices and a 1.9 percent fall in manufacturing products prices.

Meanwhile, electric power, gas, water and waste prices rose 2.6 percent and services cost gained 1 percent.

On a monthly basis, producer prices edged up 0.1 percent in September, following a 0.2 percent rise in the prior month.

The material has been provided by InstaForex Company – www.instaforex.com