MT Newswires Live07:27
Producer prices in South Korea increased 7.7% year over year in July, according to preliminary data from the Bank of Korea released on Friday.
The reading eased from the 8.5% expansion recorded in the previous month and missed the Trading Economics forecast for steady growth at 8.5%.
The sustained increase in July was driven primarily by a 12.2% rise in manufacturing producer prices, where coal and petroleum output surged 50.7% year over year, while prices for computer products rose 24.2%.
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