Photo : YONHAP News
Producer prices fell slightly in August due to a decline in the prices of industrial products, despite a sharp rise in the prices of agricultural products.
The Bank of Korea said Tuesday that the producer price index for all commodities and services dropped zero-point-one percent in August from a month earlier to 119-point-41.
The index, a key indicator of future inflation, fell for the first time in seven months in June before rising again in July.
Compared with the same month last year, the index rose one-point-six percent to post year-over-year increases for the 13th consecutive month.
The fall was led by a zero-point-eight percent drop in the prices of industrial goods, although the prices of agricultural, forestry and fishery products rose five-point-three percent in August from a month ago.
Gas, water and electricity prices gained one-point-two percent last month.