Korea's producer prices rose from a month earlier in April, marking the first on-month growth in eight months, central bank data showed Thursday.
The producer price index for April came to 98.60, up 0.2 percent from 98.42 the previous month, according to preliminary data from the Bank of Korea (BOK).
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Bank of Korea (Yonhap) |
Producer prices serve as an indicator of future consumer inflation.
The increase marked the first on-month rise since August 2015. The April tally also marked the highest reading since October. From a year earlier, it marked a 3.1 percent drop.
Prices of industrial goods gained 0.2 percent on-month, with prices of farmed goods, including fishery products, rising 1.4 percent from the previous month.
Energy and utility prices slipped 0.1 percent, according to the BOK data. (Yonhap)
