[비즈니스포스트] In November, the domestic producer price index showed a downward trend for two consecutive months due to the fall in the prices of industrial products and agricultural, forestry and fishery products.
According to the Bank of Korea on the 21st, the producer price index in November 2023 was 121.06 (2015 = 100), 0.4% lower than in October. It rose 0.6% since November last year.
▲ The Bank of Korea announced on the 21st that the domestic producer price index in November fell for two consecutive months due to the decline in prices of industrial products and agricultural, forestry and fisheries products. The photo shows the agriculture, forestry and fishery products section of a large supermarket. <연합뉴스>
The producer price index showed an upward trend for three consecutive months until March this year, then showed a downward trend from April to June, but rebounded in July and has been trending downward since October .
The Bank of Korea explained, “In November, the producer price index for electricity, gas, water and waste increased (0.7%), but decreased for industrial products (-0.7%) and agriculture, forestry and fishery products (-2.7%) . , which decreased compared to October.” .
For agricultural, forestry and fishery products, fishery products rose (3.8%), but agricultural products (-4.9%) and livestock products (-2.3%), fell by 2.7% compared to October.
Industrial products such as food and beverages rose (0.1%), but coal and petroleum products (-5.5%) and chemical products (-0.9%) fell by 0.7% compared to October.
Power, gas, water and waste rose by 0.7% compared to October due to an increase in industrial power (4.6%).
In terms of services, restaurants and accommodation services rose (0.1%), but real estate services fell (-0.1%), showing a flat trend compared to October.
Looking at detailed items, flounder (54.9%), air cargo (7.6%), frozen squid (7.5%), industrial power (4.6%), beer (4.0%), and soju (3.9%) rose from ‘to compare with October.
On the other hand, cabbage (-41.8%), flue gas reduction catalyst (-15.8%), diesel (-9.9%), naphtha (-5.6%), rice (-5.1%), chicken (-4.0%) , pork fell (- 3.8%) compared to October.
The domestic supply price index, which measures price changes including imported goods, fell by 1.1% compared to October due to raw materials (-4.0%), intermediate goods (-0.8%), and goods final (-0.8%) all fall . It fell by 1.6% compared to November last year.
The total output price index in November, which includes domestic shipments and exports, fell by 1.2% compared to October. It fell by 1.2% compared to the same period last year. Reporter Cho Seung-ri
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