Producer prices in South Korea went up by 0.1 percent from a month earlier in February 2023, after a 0.4 percent gain in January. Cost rose for services (0.3 percent) and manufacturing products (0.1 percent) but fell for electric power, gas, water & waste (-0.3 percent) and agricultural, forestry & marine products (-0.2 percent). source: The Bank of Korea

Producer Price Inflation MoM in South Korea averaged 0.46 percent from 1965 until 2023, reaching an all time high of 14.50 percent in February of 1974 and a record low of -2.30 percent in November of 2008. This page includes a chart with historical data for South Korea Producer Price Inflation MoM. South Korea Producer Price Inflation MoM - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Producer Price Inflation MoM in South Korea is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Producer Price Inflation MoM is projected to trend around 0.40 percent in 2024 and 0.50 percent in 2025, according to our econometric models.

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South Korea Producer Price Inflation MoM

Calendar GMT Actual Previous Consensus TEForecast
2023-02-22 09:00 PM Jan 0.4% -0.4% 0.1%
2023-03-20 09:00 PM Feb 0.1% 0.4% 0.2%
2023-04-20 09:00 PM Mar -0.1%

South Korea Producer Price Inflation MoM
In South Korea, the Producer Price Inflation MoM measures a month-over-month change in the price of goods and services sold by manufacturers and producers in the wholesale market.
Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.40 14.50 -2.30 1965 - 2023 percent Monthly