According to the Bank of Korea, the producer price index for January was 104.88, 0.9% higher than last December.
Agriculture, forestry and fishery prices jumped 7.9%, recording the largest increase in two years and five months since August 2018, especially for green onions and pumpkins, and 40 to 50% for chickens and eggs.
With strong international oil prices, industrial product prices rose 1.0%, while coal and petroleum products such as diesel and naphtha were on the rise.
Inflation of producers in the service industry also rose 0.5% from December, with the largest increase in finance and insurance by 2.3%.
The Bank of Korea said, “Agricultural, forestry and fishery prices have risen due to the impact of a decrease in shipments of agricultural products due to the cold wave, the spread of highly pathogenic AI, and killing,” said the Bank of Korea. “I expected.
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