The Bank of Korea released its preliminary Producer Price Index (PPI) for December 2024, showing producer prices rose 0.3% month-on-month and 1.7% year-on-year. For 2024 as a whole, the PPI increased 1.7% year-on-year. On a month-on-month basis in December, agricultural, forestry and marine products increased 2.8%, manufacturing products rose 0.3%, electric power, gas, water and waste increased 0.4%, and services rose 0.1%.
Bank of Korea 2025-01-21
Bank of Korea publishes preliminary December 2024 Producer Price Index showing 0.3% monthly rise and 1.7% annual increase
The Bank of Korea's preliminary Producer Price Index (PPI) for December 2024 indicates a 0.3% month-on-month and 1.7% year-on-year increase. For the entire year, the PPI rose 1.7% year-on-year, with notable monthly increases in agricultural, forestry, and marine products at 2.8%, and manufacturing products at 0.3%.