S.Korea Aug PPI posts first monthly fall in two years – central bank

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FILE PHOTO: A couple wearing masks to prevent contracting the coronavirus walks in a shopping district in Seoul

SEOUL (Reuters) – South Korea’s producer price pressures eased in August, posting the first monthly fall in nearly two years, central bank data showed on Friday.

The producer price index rose 8.4% in August from the same month a year ago, cooling from a 9.2% rise in July and the slowest pace since September 2021, according to the Bank of Korea data.

The index fell 0.3% on a monthly basis, marking its first fall since October 2020.

(Reporting by Jihoon Lee; Editing by Kim Coghill)

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