Producer prices in South Korea increased by 4.8 percent year-on-year in February 2023, easing from a 5.1 percent rise in the previous month. It was the lowest producer inflation since March 2021, as cost slowed for manufacturing products (2.9 percent vs 4.2 percent in January). On the other hand, prices rose faster for agricultural, forestry, and marine products (5.5 percent vs 0.3 percent) and services (3.4 percent vs 3 percent). On a monthly basis, the producer price index went up by 0.1 percent, after a 0.4 percent gain in January. source: The Bank of Korea

Producer Prices Change in South Korea averaged 5.99 percent from 1966 until 2023, 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 March of 2023.

Producer Prices Change in South Korea is expected to be 4.50 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 2.90 percent in 2024 and 3.10 percent in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
South Korea Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2023-02-22 09:00 PM Jan 5.1% 5.8% 5.8%
2023-03-20 09:00 PM Feb 4.8% 5.1% 4.8%
2023-04-20 09:00 PM Mar 4.8% 4.5%


Related Last Previous Unit Reference
GDP Deflator 108.16 110.80 points Dec 2022
Producer Prices 120.42 120.25 points Feb 2023
Producer Prices Change 4.80 5.10 percent Feb 2023
Export Prices 115.17 114.28 points Feb 2023
Import Prices 138.03 134.95 points Feb 2023
Inflation Expectations 4.00 3.90 percent Feb 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.80 5.10 47.40 -4.70 1966 - 2023 percent Monthly
2010=100, NSA

News Stream
South Korea Producer Inflation Lowest since March 2021
Producer prices in South Korea increased by 4.8 percent year-on-year in February 2023, easing from a 5.1 percent rise in the previous month. It was the lowest producer inflation since March 2021, as cost slowed for manufacturing products (2.9 percent vs 4.2 percent in January). On the other hand, prices rose faster for agricultural, forestry, and marine products (5.5 percent vs 0.3 percent) and services (3.4 percent vs 3 percent). On a monthly basis, the producer price index went up by 0.1 percent, after a 0.4 percent gain in January.
2023-03-20
South Korea Producer Inflation Hits Near 2-Year Low
Producer prices in South Korea rose by 5.1 percent year-on-year in January of 2023, the least since March of 2021 and easing from a downwardly revised 5.8 percent increase in the prior month. Prices rose at a slower pace for agricultural, forestry, and marine products (0.3 percent vs 1.5 percent in December); manufacturing products (4.3 percent vs 5.6 percent), while grew at a faster pace for electricity, power, gas, and water waste (29.8 percent vs 27.9 percent). On a monthly basis, the producer price index went up by 0.4 percent from a downwardly revised 0.4 percent decline in the previous month.
2023-02-22
South Korea PPI Marks Slowest Rise Since April 2021
Producer prices in South Korea rose by 6 percent year-on-year in December of 2022, the least since April of 2021 and easing from a downwardly revised 7.2 percent increase in the prior month. Prices rose at a slower pace for manufacturing products (5.9 percent vs 6.3 percent in November), while grew at a faster pace for electricity, power, gas, and water waste (29.9 percent vs 29.7 percent). Meantime, prices of agricultural, forestry, and marine products jumped (+1.5 percent vs -0.7 percent). On a monthly basis, the producer price index declined by 0.2 percent from the 0.3 percent fall in the previous month.
2023-01-19