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Join Our Whatsapp:- https://wa.me/7037171600South Korea producer inflation hits 16-month low in Oct
South Korea’s annual producer inflation slowed for a fourth straight month in October to a 16-month low, central bank data showed on Thursday.
The producer price index stood 7.3% higher in October than the same month a year ago, according to the Bank of Korea (BoK), after a revised 7.9% rise in September.The rise was the slowest since June 2021. Producer inflation had hit a near 14-year high of 10.0% in June.On a monthly basis, however, the index rose 0.5%, picking up from a revised 0.1% in September and the fastest in four months.
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