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South Korea's producer prices fell slightly last month from a year earlier due to steep cuts in utility prices, the central bank said Friday.
The producer price index came to 99.45 in October, down from 99.65 a year earlier, according to preliminary data from the Bank of Korea.
Producer prices serve as an indicator of future consumer inflation.
Month-on-month, the October index slightly gained from a revised 99.23 in September.
Prices of manufactured goods fell 1.1 percent in October from a year earlier, while prices of agricultural and fisheries goods gained 12.9 percent during the same period, the data showed.
Utility prices, including electricity and water, fell 8.2 percent in October from a year earlier. (Yonhap)
The producer price index came to 99.45 in October, down from 99.65 a year earlier, according to preliminary data from the Bank of Korea.
Producer prices serve as an indicator of future consumer inflation.
Month-on-month, the October index slightly gained from a revised 99.23 in September.
Prices of manufactured goods fell 1.1 percent in October from a year earlier, while prices of agricultural and fisheries goods gained 12.9 percent during the same period, the data showed.
Utility prices, including electricity and water, fell 8.2 percent in October from a year earlier. (Yonhap)
