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South Korea Producer Price Index (PPI) MoM

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South Korea Producer Price Index (PPI) MoM

Frequency

Delivery Method

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Status

 
Latest Release
Jul 20, 2021
Actual
0.4%
Previous
0.5%
The Producer Price Index (PPI) is designed to monitor changes in prices of items at the first important commercial transactions. The PPI shows the same general pattern of inflation as does Consumer price index, but is more volatile. This is because it is weighted more heavily towards goods that are traded in highly competitive markets and somewhat less sensitive to changes in the cost of labour. In principle, the PPI should include service industries. But in practice it is limited to the domestic agricultural and industrial sector. The prices should be farm-gate prices for the agricultural sector and ex-factory prices for the industrial sector. The PPI is worth watching as a leading indicator of inflation at the consumer level. Price changes at the wholesale level take time to work their way through to the retail store.
A higher than expected reading should be taken as positive/bullish for the KRW , while a lower than expected reading should be taken as negative/bearish for the KRW.
Importance:
Country:
Currency: KRW
Source: Bank of Korea
South Korea Producer Price Index (PPI) MoM
 
Release Date Time Actual Forecast Previous
Jul 20, 2021 (Jun) 23:00 0.4%   0.5%
Jun 21, 2021 (May) 23:00 0.4%   1.0%
May 20, 2021 (Apr) 23:00 0.6%   1.1%
Apr 20, 2021 (Mar) 23:00 0.9%   0.8%
Mar 23, 2021 (Feb) 23:00 0.8%   1.1%
Feb 18, 2021 (Dec) 23:00 0.9%   0.1%

PPI (MoM) Discussion

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