The Producer Price Index increased by 0.5% month-on-month in October 2022; in year-on-year terms, it increased by 7.3% vs. 7.9% in the previous month. The month-on-month changes in the major sub-indices are as follows: agricultural, forestry & marine products: -7.3%; manufacturing products: 0.3%; electric power, gas, water & waste: 8.1%; services: 0.2%. source: The Bank of Korea

Producer Prices Change in South Korea averaged 5.99 percent from 1966 until 2022, reaching an all time high of 47.40 percent in July of 1974 and a record low of -4.70 percent in November of 2015. This page provides - South Korea Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Producer Prices Change in South Korea is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Producer Prices Change is projected to trend around 3.50 percent in 2023 and 2.50 percent in 2024, according to our econometric models.

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South Korea Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-10-20 09:00 PM Sep 8% 8.2% 8.3%
2022-11-23 09:00 PM Oct 7.3% 7.9% 7.8%
2022-12-21 09:00 PM Nov 7.3% 7%


Related Last Previous Unit Reference
GDP Deflator 109.86 109.03 points Jun 2022
Producer Prices 120.61 120.16 points Oct 2022
Producer Prices Change 7.30 7.90 percent Oct 2022
Export Prices 132.90 131.24 points Oct 2022
Import Prices 156.89 154.51 points Oct 2022
Inflation Expectations 4.20 4.30 percent Nov 2022

South Korea Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
7.30 7.90 47.40 -4.70 1966 - 2022 percent Monthly
2010=100, NSA

News Stream
South Korea Producer Price Index Increases 7.3% YoY
The Producer Price Index increased by 0.5% month-on-month in October 2022; in year-on-year terms, it increased by 7.3% vs. 7.9% in the previous month. The month-on-month changes in the major sub-indices are as follows: agricultural, forestry & marine products: -7.3%; manufacturing products: 0.3%; electric power, gas, water & waste: 8.1%; services: 0.2%.
2022-11-23
South Korea Producer Inflation Cools to 8%
Producer prices in South Korea rose by 8 percent year over year in September of 2022, easing from the downwardly revised 8.2 percent increase in the previous month. The biggest slowdown was reported for coal and petroleum products inflation (47%vs 52.4% in August) and for manufacturing products (9.8% vs 10.2%). On the other hand, prices for electricity, gas, and waste rose at a faster pace (25.2% vs 24.6%) followed by agricultural, forestry, and marine products (7.1% vs 6.2%). Agricultural foods inflation rose (12.0% vs 7.4%) while declines were seen for livestock (2.0% vs 5.8%) and marine foods (3.8% vs 4.2%).
2022-10-20
South Korean PPI Hits 8.4%, Cools MoM
Producer prices in South Korea rose by 8.4 percent YoY in August of 2022, easing from the 9.2 percent increase in the previous month. Electricity, gas, and waste rose (24.6% vs 21.7% in July) along with services (3.6% vs 3.5%) while industrial products fell (10.5% vs 12.7%). Notably, coal and petroleum products fell from 66.1% in July to 52.8%. Agricultural, livestock, and marine prices increased across the board (total: 6.2% vs 4.2%, individually: 7.4% vs 5.7%, 5.8% vs 4.7%, and 4.2% vs -0.4%).
2022-09-22