SEOUL – South Korea’s producer worth inflation slowed for a seventh straight month to its lowest in 22 months, central financial institution information confirmed on Thursday.
The producer worth index rose 5.1 % in January from a yr earlier, whereas it had climbed 5.8 % in December, based on the Financial institution of Korea. It was the slowest annual rise since March 2021.
The annual charge continued its slowing development for a seventh straight month, after hitting a close to 14-year excessive of 10 % in June 2022.
The index rose 0.4 % over a month, nonetheless, after two straight months of declines, pushed principally by larger utility prices….
Carry on studying: South Korea’s producer worth inflation slows to close 2-year low