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22.09.202521:14:50UTC+00South Korea Producer Prices Rise to April High

In August 2025, South Korea experienced a 0.6% year-on-year rise in producer prices, marking the most significant increase since April and an improvement from the 0.5% recorded in July. Notable growth was observed in the services sector, which increased by 1.1%, compared to 1.6% the previous month. Similarly, the categories of electricity, water, and gas rose by 2.6%, following a 3.9% increase in July, while agricultural, forestry, and marine products saw a 3.9% growth, down from 5.8%. Meanwhile, manufacturing costs declined at a slower rate, at -0.2% compared to -1% earlier, largely due to US-imposed tariffs on steel and aluminum. On a month-to-month comparison, producer prices decreased slightly by 0.1% in August, following a 0.4% rise in July, indicating varied trends across different sectors.

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