S. Korea's producer price index hits all-time high in April, up 9.2% y/y
Updated: 2022-05-20 10:53:31 KST
In other news.
South Korea's producer price index has recorded yet another fresh high ON-MONTH for the FOURTH straight month in April.
According to the Bank of Korea the index stood at 1-hundred-18.0-2 up 1.1 percent on month.
NOW ON-YEAR the figure is a jump of OVER 9-percent.
The central bank is linking the trend to soaring prices of agricultural livestock and fishery products with pork jumping 28-percent and cooking oil by nearly 12-percent.
Hikes in energy expenses and industrial goods also contributed to the higher prices.