Korea's producer prices fall for 12th straight month in September
Korea's producer prices dropped for the 12th straight month in September due to a fall in the price of agricultural products and the local currency's gain against the greenback.
The Bank of Korea says producer prices fell 1.8 percent on-year in September after dipping 1.3 percent the previous month.
Prices of fruits, vegetables and fishery products declined the most as there was no typhoon damage in August and September.
The Korean won appreciated nearly 3-and-a-half percent to the U.S. dollar in September compared to last year.
The data comes as the central bank froze the key interest rate at 2.5 percent for the fifth straight month in October.
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