Korea's producer prices stay flat in March
South Korea's producer prices stayed steady in March from the previous month as prices of agricultural products stabilized.
The Bank of Korea says last month's producer price index, a barometer of future consumer inflation, reached 104-point-zero-seven, slightly above February's figure.
On-year, the index is up one-point-four percent, marking 17 consecutive months of gains since November 2016.
Prices of agricultural products fell zero-point-four percent on-month, a sharp turnaround from February's nine-point-two percent spike that was caused by soaring demand during the Lunar New Year holiday and a drop in supply caused by the cold weather.
Prices of industrial goods also remained unchanged in March from a month earlier, while service prices edged up a tenth of one percent.
The Bank of Korea says last month's producer price index, a barometer of future consumer inflation, reached 104-point-zero-seven, slightly above February's figure.
On-year, the index is up one-point-four percent, marking 17 consecutive months of gains since November 2016.
Prices of agricultural products fell zero-point-four percent on-month, a sharp turnaround from February's nine-point-two percent spike that was caused by soaring demand during the Lunar New Year holiday and a drop in supply caused by the cold weather.
Prices of industrial goods also remained unchanged in March from a month earlier, while service prices edged up a tenth of one percent.