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SOUTH KOREA: PPI Show Downward Pressure on Prices.

SOUTH KOREA
GlobalEM BulletBulletSouth KoreaAPACEmerging Market NewsRegion
  • South Korea’s Producer Price Index rose +1.0% for September.
  • This represents a material decline from August’s rise of +1.6% and MoM saw a decline of -0.2%.
  • For the month, the key positive contributor came from Agriculture/Forestry and Marine which rose +3.8% whilst manufactured products decline -0.7%.
  • This will be watched closely by the Bank of Korea who cut rates in their last meeting a week ago.
  • With their next meeting not until the end of November, they will be watching Prices closely to see if they need to cut rates again or whether they are staring at deflation. 
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  • South Korea’s Producer Price Index rose +1.0% for September.
  • This represents a material decline from August’s rise of +1.6% and MoM saw a decline of -0.2%.
  • For the month, the key positive contributor came from Agriculture/Forestry and Marine which rose +3.8% whilst manufactured products decline -0.7%.
  • This will be watched closely by the Bank of Korea who cut rates in their last meeting a week ago.
  • With their next meeting not until the end of November, they will be watching Prices closely to see if they need to cut rates again or whether they are staring at deflation.