Producer Prices in South Korea decreased 1.70 percent in May of 2020 over the same month in the previous year.

Producer Prices Change in South Korea averaged 6.01 percent from 1966 until 2020, reaching an all time high of 47.40 percent in July of 1974 and a record low of -4.70 percent in November of 2015. This page provides - South Korea Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: The Bank of Korea

Producer Prices Change in South Korea is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in South Korea to stand at 1.90 in 12 months time. In the long-term, the South Korea Producer Prices Change is projected to trend around 1.90 percent in 2021, according to our econometric models.

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South Korea Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-1.70 -1.70 47.40 -4.70 1966 - 2020 percent Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-19 09:00 PM Feb 0.7% 1.1% 1.4% 0.9%
2020-04-21 09:00 PM Mar -0.5% 0.7% -0.3%
2020-05-20 09:00 PM Apr -1.5% -0.5% -1.5%
2020-06-22 09:00 PM May -1.7% -1.7% -1.9% -1.8%
2020-07-20 09:00 PM Jun -1.7% -1.5%
2020-08-20 09:00 PM Jul
2020-09-21 09:00 PM Aug
2020-10-20 09:00 PM Sep 1.2%


News Stream
South Korea Producer Prices Edge Down 0.1%
Producer prices in South Korea dropped 0.1 percent year-on-year in November 2019, following an upwardly revised 0.7 percent fall in the previous month and compared with market expectations of a 0.8 percent decline. It was the fifth consecutive fall in producer prices, as costs fell for mining products (-0.1 percent), manufacturing products (-1.4 percent), wood & paper products (-3.9 percent), coal & oil products (-3.9 percent), chemical products (-4.3 percent), and non-metallic mineral products (-0.3 percent). In contrast, prices for services rose 1.3 percent. On a monthly basis, prices also declined 0.1 percent (vs -0.2% in October).
2019-12-19
South Korea Producer Prices Fall More than Expected
Producer prices in South Korea dropped 0.6 percent year-on-year in October 2019, following an upwardly revised 0.8 percent fall in the previous month and compared with market expectations of a 0.5 percent decline. It was the fourth consecutive fall in producer prices, as cost continued to decreased for agricultural, forestry & marine products (-3 percent vs -8 percent in September) and manufacturing (-2.2 percent vs -2 percent). Meanwhile, services prices increased further (1.2 percent vs 1 percent); and cost of electric power, gas, water & waste prices cost rose 2.6 percent, the same pace as in September. On a monthly basis, producer prices went down 0.2 percent, after a 0.1 percent gain in the prior month and below market forecasts of a 0.2 percent increase.
2019-11-20
South Korea Producer Prices Fall Further
Producer prices in South Korea fell 0.7 percent year-on-year in September of 2019, after a 0.6 percent decline in the previous month. It marked the third fall in producer prices since October 2016 and the steepest since September of that year, as prices continued to decline for agricultural, forestry & marine products (-12.8 percent vs -11.7 percent in August) and manufacturing (-1.9 percent vs -1.6 percent). In addition, services cost slowed again (1.0 percent vs 1.2 percent). Meanwhile, electric power, gas, water & waste prices cost advanced by 2.6 percent after climbing by 2.7 percent in the previous two months. On a monthly basis, producer prices edged up 0.1 percent after rising 0.2 percent.
2019-10-21
South Korea Producer Prices Fall Further
Producer prices in South Korea fell 0.6 percent year-on-year in August of 2019, after a 0.3 percent decline in the previous month. It marked the second fall in producer prices since October 2016 and the steepest since September of that year, as prices continued to decline for agricultural, forestry & marine products (-8.7 percent vs -4.5 percent in July) and manufacturing (-1.6 percent vs -1.5 percent). In addition, services cost slowed again (1.2 percent vs 1.3 percent). Meanwhile, electric power, gas, water & waste prices cost advanced by 2.7 percent for the second month. On a monthly basis, producer prices climbed 0.2 percent after remaining unchanged in July.
2019-09-23

South Korea Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.