Breaking News

South Korea Producer Price Index (PPI) YoY

Latest Release

Oct 21, 2024

Actual

1.0%

1.6%

The Producer Price Index (PPI) is designed to monitor changes in prices of items at the first important commercial transactions. The PPI shows the same general pattern of inflation as does Consumer price index, but is more volatile. This is because it is weighted more heavily towards goods that are traded in highly competitive markets and somewhat less sensitive to changes in the cost of labour. In principle, the PPI should include service industries. But in practice it is limited to the domestic agricultural and industrial sector. The prices should be farm-gate prices for the agricultural sector and ex-factory prices for the industrial sector. The PPI is worth watching as a leading indicator of inflation at the consumer level. Price changes at the wholesale level take time to work their way through to the retail store.
A higher than expected reading should be taken as positive/bullish for the KRW , while a lower than expected reading should be taken as negative/bearish for the KRW.

Importance:

Country:

Currency: KRW

Source: Bank of Korea

Release Date	Time	Actual	Previous
Nov 20, 2024 (Oct)	05:00		1.0%
Oct 22, 2024 (Sep)	05:00	1.0%	1.6%
Sep 24, 2024 (Aug)	05:00	1.6%	2.6%
Aug 21, 2024 (Jul)	05:00	2.6%	2.5%
Jul 23, 2024 (Jun)	05:00	2.5%	2.3%
Jun 21, 2024 (May)	05:00	2.3%	1.9%

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