The Bank of Korea published its preliminary April 2026 price indexes showing the Producer Price Index rose 2.5% month on month and 6.9% year on year. The increase was driven mainly by manufacturing products, which rose 4.4%, while services increased 0.8% and electric power, gas, water and waste rose 0.3%. Agricultural, forestry and marine products fell 1.0%. Within manufacturing, coal and petroleum products jumped 31.9% on the month, chemical products rose 6.3%, basic metal products 1.9%, and computers, electronic and optical equipment 2.5%, including semiconductors up 13.9%. The Domestic Supply Price Index rose 5.2% on the month and 9.9% on the year, led by raw materials up 28.5%, while the Total Output Price Index rose 3.9% on the month and 13.8% on the year, with manufacturing products up 5.8%. All three indexes are preliminary and may be revised in the next monthly release.
Bank of Korea2026-05-21
Bank of Korea reports April producer prices up 2.5% on month and 6.9% on year
The Bank of Korea reported that the preliminary Producer Price Index for April 2026 rose 2.5% month on month and 6.9% year on year, driven mainly by a 4.4% increase in manufacturing products, while agricultural, forestry and marine products fell 1.0%. The Domestic Supply Price Index increased 5.2% on the month and 9.9% on the year, and the Total Output Price Index rose 3.9% on the month and 13.8% on the year, with strong gains in coal, petroleum products and raw materials. All three indexes are preliminary and may be revised.