S. Korea's producer prices fall for 1st time in 11 months on cheaper oil

NAMPA / Xinhua
2026-08-21
SEOUL, Aug. 21 (Xinhua) -- Prices for goods and services among South Korean suppliers fell for the first time in 11 months as cheaper crude oil outweighed a heatwave-driven surge in agricultural product prices, central bank data showed Friday. The producer price index (PPI) decreased 0.4 percent in July from a month earlier, marking the first downturn since August 2025, according to the Bank of Korea (BOK). Producer prices for industrial pr......
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