Producer prices up for 2nd month in Sept. on higher prices of agricultural goods
Producer prices rose for the second consecutive month in September driven by higher prices of agricultural goods during the Chuseok season, central bank data showed Wednesday. The producer price index (PPI), a key gauge of future consumer inflation, increased 0.2 percent last month from a month earlier, following a 0.1 percent on-month gain in August, according to the preliminary data from the…
Producer prices experienced their second consecutive monthly increase in September, according to data from the Bank of Korea. The Producer Price Index (PPI) rose by 0.2% compared to the previous month, continuing a pattern of growth that began in August with a 0.1% increase. Notably, this upward trend follows a decline in July, the first monthly decrease since August 2025.
Looking at a yearly perspective, producer prices increased by 7.7% in September, a slight deceleration from the previous month's 7.9% year-on-year gain. The PPI is a critical metric for predicting future inflation trends, as it impacts the prices businesses pass onto consumers in the months ahead.
The BOK attributed the price surge in September to heightened demand for agricultural, livestock, and fisheries products during the Chuseok holiday, which extended into the latter part of the month. Consequently, prices for these goods surged by 2.6%. Additionally, electricity, gas, and water supply prices climbed by 1.3%. Industrial goods, including petroleum, also saw a price increase.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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