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S. Korean Producer Prices Rise Most Since 2022 on Energy Costs

S. Korean Producer Prices Rise Most Since 2022 on Energy Costs
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S. Korean Producer Prices Rise Most Since 2022 on Energy Costs South Korea’s producer prices rose in May at the fastest pace in nearly four years, as higher energy costs and a broad-based increase in industrial prices continued to filter through the economy. The price index climbed 8.5% from a year ago, marking the strongest annual increase since July 2022 and following an upwardly revised reading in the prior month, according to Bank of Korea data released Friday. Prices rose 0.8% from...

S. Korean Producer Prices Rise Most Since 2022 on Energy Costs South Korea’s producer prices rose in May at the fastest pace in nearly four years, as higher energy costs and a broad-based increase in industrial prices continued to filter through the economy. The price index climbed 8.5% from a year ago, marking the strongest annual increase since July 2022 and following an upwardly revised reading in the prior month, according to Bank of Korea data released Friday. Prices rose 0.8% from April, extending gains for a ninth straight month.
S. Korean Producer Prices Rise Most (ORG) Bank of Korea (ORG)
Originally published by Bloomberg Markets Read original →