Korea's producer prices fall for third consecutive month in Dec.

2019-01-22 0

South Korea's producer prices fell for the third consecutive month in December...mainly on lower global oil prices.
The Bank of Korea says last month's producer prices edged down zero-point-five percent on-month.
Agricultural goods prices went up...but falling oil prices drove down industrial goods prices by more than one percent.
Korea's benchmark Dubai crude tumbled near 13 percent on-month to trade at an average of 57 U.S. dollars...after falling by more than 17 percent on-month in November.
Services prices remained virtually unchanged in December.