South Korea’s Producer-Price Inflation Eases to 3-Month Low
South Korea’s producer inflation eased to a three-month low on falling costs of meat, electronics and financial services, a report before the central bank’s decision on interest rates today showed.
Prices rose 0.2 percent in October from a year earlier after a 1 percent increase in September, the Bank of Korea said in a statement today. They fell 0.7 percent from the previous month.
The Bank of Korea will leave borrowing costs unchanged at 2.75 percent today, according to all 16 economists surveyed by Bloomberg News, after cutting rates last month and in July. Asia’s fourth-largest economy is showing some signs of improvement as exports and output rebound, the Finance Ministry said in a report on Nov. 6.
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