Korea's producer price index fell for the 18th consecutive month in March, by half-a-percent compared to the same period last year.
The Bank of Korea attributed. a drop in oil prices and raw materials to the decline, along with the local currency's gains against the greenback.
A central bank official, however, said that because the prices of livestock products and services between consumers and businesses had risen, consumers probably won't feel as though prices in general have fallen.
The prices of water, gas and electricity rose 5-and-a-half percent year-over-year while services including education and transportation went up by 1.3 percent.