SEOUL, Jan 10 (Reuters) - South Korea's annual producer inflation hit a two-year high in December last year, central bank data showed on Monday, evidence of building consumer inflation pressure in the pipeline.
The producer price index in December rose 5.3 percent over a year earlier, the Bank of Korea said in a statement. It marked the highest growth since December 2008.
Percentage changes in South Korea's producer price index (PPI), released by the Bank of Korea (seasonally unadjusted):
DEC NOV DEC NOV
(MTH/MTH) (YR/YR)
PPI 0.9 0.3 5.3 4.9
MAJOR CATEGORIES:
Agriculture, fisheries, 3.7 -2.6 21.1 20.9
forestry products
Industrial goods 1.3 0.7 6.0 5.1
Electricity, tap water 0.1 -2.0 1.5 1.4
gas
Services 0.0 0.2 1.9 2.2
NOTE: Industrial goods, which include petrochemicals, textiles and electronics, have a 64.5 percent weighting in the overall index, compared with 26.4 percent for service charges and 4.4 percent for farm and fisheries products.
(Reporting by Cheon Jong-woo; Editing by Yoo Choonsik)
((jongwoo.cheon@thomsonreuters.com; +82 2 3704 5665; Reuters Messaging;jongwoo.cheon.reuters.com@reuters.net)) Keywords: KOREA ECONOMY/PPI (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The producer price index in December rose 5.3 percent over a year earlier, the Bank of Korea said in a statement. It marked the highest growth since December 2008.
Percentage changes in South Korea's producer price index (PPI), released by the Bank of Korea (seasonally unadjusted):
DEC NOV DEC NOV
(MTH/MTH) (YR/YR)
PPI 0.9 0.3 5.3 4.9
MAJOR CATEGORIES:
Agriculture, fisheries, 3.7 -2.6 21.1 20.9
forestry products
Industrial goods 1.3 0.7 6.0 5.1
Electricity, tap water 0.1 -2.0 1.5 1.4
gas
Services 0.0 0.2 1.9 2.2
NOTE: Industrial goods, which include petrochemicals, textiles and electronics, have a 64.5 percent weighting in the overall index, compared with 26.4 percent for service charges and 4.4 percent for farm and fisheries products.
(Reporting by Cheon Jong-woo; Editing by Yoo Choonsik)
((jongwoo.cheon@thomsonreuters.com; +82 2 3704 5665; Reuters Messaging;jongwoo.cheon.reuters.com@reuters.net)) Keywords: KOREA ECONOMY/PPI (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.