S Korea Producer Inflation Eases to 2023's Low
In April 2025, South Korea experienced a slowdown in producer inflation, which decreased to 0.9% year-on-year from the 1.3% recorded in March, marking the lowest rate since November 2023. This deceleration was primarily attributed to reduced increases in the costs associated with electricity, water, and gas, which rose by 5.7% compared to the previous month's 6.4% increase. Prices within the manufacturing sector remained steady, following a 1% rise in March. Service prices saw a modest increase of 1.5%, slightly down from 1.6% in the prior month. Conversely, the prices for agricultural, forestry, and marine products fell by 1.3%, after having dropped 2.9% in the preceding month. On a month-to-month basis, producer prices decreased by 0.1% following a period of stability over the previous two months.
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