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South Korea Producer Prices Add 0.2% In May

Producer prices in South Korea were up 0.2 percent on month in May, the Bank of Korea said on Thursday – up from 0.1 percent in April.

Individually, prices for agricultural, forestry and marine products tumbled 0.9 percent on month, while manufacturing products were up 0.4 percent, utilities added 0.3 percent and services gained 0.1 percent.

On a yearly basis, producer prices advanced 2.2 percent, accelerating from 1.6 percent in the previous month.

The material has been provided by InstaForex Company – www.instaforex.com