Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

South Korea Producer-Price Inflation Accelerates to 4-Month High

Oct. 11 (Bloomberg) -- South Korea’s producer prices rose at the fastest pace in four months after typhoons damaged crops and international oil prices increased.

Prices rose 1 percent in September from a year earlier, after a 0.3 percent increase in August, the Bank of Korea said in a statement today. The gain was 0.7 percent from the previous month.

The Bank of Korea may reduce its benchmark rate to 2.75 percent today after a surprise cut in July, according to 13 out of 16 economists surveyed by Bloomberg News.

To contact the reporter on this story: Cynthia Kim in Seoul at ckim170@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.