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.