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South Korea Aug PPI posts first monthly fall in two years: Central bank

South Korea Aug PPI posts first monthly fall in two years: Central bank

FILE PHOTO: A couple wearing masks to prevent contracting the coronavirus walks in a shopping district in Seoul, South Korea, March 13, 2020. REUTERS/Kim Hong-Ji/File Photo

SEOUL: South Korea's producer price pressures eased in August, posting the first monthly fall in nearly two years, central bank data showed on Friday (Sep 22).

The producer price index rose 8.4 per cent in August from the same month a year ago, cooling from a 9.2 per cent rise in July and the slowest pace since September 2021, according to the Bank of Korea data.

The index fell 0.3 per cent on a monthly basis, marking its first fall since October 2020.

Source: Reuters
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