South Korea's producer prices fell slightly in March from a month earlier due mainly to a decline in the prices of manufactured goods, the central bank said Wednesday.
The producer price index -- a barometer of future consumer inflation -- slid 0.1 percent in March from a month earlier, according to the Bank of Korea.
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(Yonhap) |
The BOK attributed the fall to weaker oil prices and the won's strengthening against the US dollar.
Prices of Dubai crude, South Korea's benchmark, fell 5.9 percent in March from a month earlier. The local currency gained 0.9 percent against the greenback in March from a month earlier.
Year-on-year, the March index gained 4.2 percent.
Prices of manufactured goods fell 0.3 percent in March from a month earlier, while prices of agricultural and fisheries goods remained unchanged from the previous month, data showed.
Utility prices, including electricity and water, gained 1 percent in March from February. (Yonhap)
