Producer Prices in Korea

Korea Producer Prices | Economic News & Forecasts

Korea - Producer Prices

Inflation hits highest level since March in August

Consumer prices increased 0.61% in August over the previous month, contrasting July's 0.01% drop. August's result was the sharpest increase in prices since January, and was driven by soaring prices for food and non-alcoholic beverage and a moderate increase in housing and utilities prices.

Inflation increased to 0.7% in August, which was up from July’s 0.3%. August's result was the highest inflation rate since March. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 0.4% in August (July: 0.3%). Lastly, core inflation ticked up to 0.8% from July’s 0.7%.

FocusEconomics panelists project inflation averaging 0.4% in 2020, which is up 0.1 percentage points from last month’s forecast, and 1.1% in 2021.

Korea - Producer Prices Data

2015   2016   2017   2018   2019  
Inflation (PPI, annual variation in %)-4.0  -1.8  3.5  1.9  0.0  

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Value Change Date
Bond Yield1.681.55 %Dec 31
Exchange Rate1,1560.21 %Dec 31

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