- CNTV English - CCTV News

Homepage > News > Biz >

S. Korea's producer prices retreat for 4 months

08-10-2012 15:45 BJT

SEOUL, Aug. 10 (Xinhua) -- South Korea's producer prices retreated for four straight months last month due to continued fall in oil product prices, the central bank said Friday.

The producer price index (PPI), a barometer of future consumer price inflation, declined 0.5 percent in July from a month earlier, according to the Bank of Korea (BOK).

The July figure was higher than a 1.4 percent on-month drop for June, but the producer prices kept its negative growth for four months in a row.

From a year before, the prices fell 0.1 percent in July, down from a 0.8 percent gain tallied in the previous month.

The on-month fall was mainly attributed to falling prices in petroleum product prices.

Manufactured goods prices slid 0.8 percent on-month in July, but the reading was higher than a 1.6 percent on-month decline in June. Prices for oil and chemical products retreated 2.5 percent and 1.7 percent each last month on an on-month basis, but the falling pace was slower than the previous month.

Prices for agricultural, livestock and fishery products rose 0. 2 percent on-month in July, a turnaround from a 5.9 percent plunge tallied in June. Prices for fruits and livestock products declined 4.6 percent and 2.9 percent each, but vegetable prices jumped 9.5 percent last month, up from a 12.3 percent slide for June.

Service prices were up 0.2 percent in July from a month earlier after falling 0.2 percent in June. Transport service prices gained 0.5 percent on-month in July, picking up from a 0.5 percent fall tallied in the previous month.

Prices for electricity, water and gas were up 0.1 percent on- month in July, unchanged from the figure for June.



Editor:James |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program