Korean producer prices decline in August

SEOUL, 24th September, 2024 (WAM) -- The Republic of Korea's producer prices fell in August, driven by a fall in the prices of oil and related products, central bank data showed Tuesday.

Yonhap News Agency quoted data from the Bank of Korea (BOK) as saying that the producer price index, a major barometer of consumer inflation, fell 0.1 percent last month from a month earlier, following a 0.3 percent on-month rise