Producer prices in South Korea advanced 9.6 percent year-on-year in November of 2021, quickening from an upwardly revised 9.1 percent rise in the previous month. It was the highest rate since October of 2008, driven by prices of manufactured products (16.0 percent vs 15.7 percent in October), electric power, gas, water & waste (8.3 percent vs 6.2 percent), and agricultural, forestry & marine products (5.8 percent vs 2.6 percent). Meantime, the prices of the services continued to increase by around 2.6 percent. On a monthly basis, producer prices went up 0.5 percent, the 13th consecutive monthly rise amid higher costs of energy-related products and agricultural products, which increased 1.8 percent and 1.5 percent, respectively. source: The Bank of Korea

Producer Prices Change in South Korea averaged 5.95 percent from 1966 until 2021, 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 January of 2022.

Producer Prices Change in South Korea is expected to be 9.30 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 Prices Change is projected to trend around 2.50 percent in 2022, according to our econometric models.

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South Korea Producer Prices Change


Calendar GMT Actual Previous Consensus TEForecast
2021-11-18 09:00 PM Oct 8.9% 7.6% 8.4%
2021-12-20 09:00 PM Nov 9.6% 9.1% 9.7% 9.4%
2022-01-19 09:00 PM Dec 9.6% 9.6%


Related Last Previous Unit Reference
GDP Deflator 109.93 107.08 points Sep/21
Producer Prices 112.99 112.43 points Nov/21
Producer Prices Change 9.60 9.10 percent Nov/21
Export Prices 114.64 115.80 points Dec/21
Import Prices 127.11 130.17 points Dec/21
Inflation Expectations 2.60 2.70 percent Dec/21

News Stream
South Korea Producer Inflation at 13-Year High
Producer prices in South Korea advanced 9.6 percent year-on-year in November of 2021, quickening from an upwardly revised 9.1 percent rise in the previous month. It was the highest rate since October of 2008, driven by prices of manufactured products (16.0 percent vs 15.7 percent in October), electric power, gas, water & waste (8.3 percent vs 6.2 percent), and agricultural, forestry & marine products (5.8 percent vs 2.6 percent). Meantime, the prices of the services continued to increase by around 2.6 percent. On a monthly basis, producer prices went up 0.5 percent, the 13th consecutive monthly rise amid higher costs of energy-related products and agricultural products, which increased 1.8 percent and 1.5 percent, respectively.
2021-12-20
South Korea September Producer Inflation Highest since 2008
Producer prices in South Korea advanced 8.9 percent year-on-year in October of 2021, quickening from a 7.6 percent rise in the previous month. It was the highest rate since October of 2008, driven by prices of manufactured products (15.4 percent vs 13.2 percent in September), electric power, gas, water & waste (6.2 percent vs 3.2 percent). Meantime, the prices of the services continued to increase at the same rate of 2.4 percent, while agricultural, forestry & marine products increased 2.6 percent, after falling 2.7 percent in the previous month. On a monthly basis, producer prices went up 0.8 percent, the 12th consecutive monthly rise amid higher costs of energy-related products, which increased 2.3 percent. On the other hand, the costs for agricultural, forestry & marine products fell by 4.7 percent.
2021-11-18
South Korea September Producer Inflation Highest since 2011
Producer prices in South Korea advanced 7.5 percent year-on-year in September of 2021, quickening from an upwardly revised 7.4 percent rise in the previous month. It was the highest rate since May of 2011, driven by prices of manufactured products (13.2 percent), electric power, gas, water & waste (3.2 percent) and services (2.4 percent). On a monthly basis, producer prices went up 0.2 percent, the 11th consecutive monthly rise amid higher costs of energy-related products, partly due to a hike in prices of coal and oil products, which increased 2.1 percent.
2021-10-20

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.