Producer prices rose 7.5% in September from a year ago… International oil price rises record high

[뉴스웍스=허운연 기자] Producer prices rose for 11 consecutive months. The producer material index recorded an all-time high in September due to the rise in raw material prices such as international oil prices. The Producer Price Index has been at an all-time high for the sixth consecutive month.

According to the ‘Producer Price Index for September 2021’ announced by the Bank of Korea on the 21st, the producer price index for September this year was 111.13 (based on 100 in 2015). It rose 0.2 percent from the previous month, the highest since the data was compiled in 1965. Compared to a year ago, when the impact of COVID-19 was significant, it rose by 7.5%.

The agricultural, forestry and fishery product index fell 0.8% from the previous month as agricultural products (-2.0%) fell. The agricultural, forestry and fisheries index fell for the first time in four months.

As for industrial products, computers, electronics and optical equipment (-0.7%) fell, but coal and petroleum products (2.1%), chemicals (0.4%), and primary metal products (0.4%) rose 0.3% from the previous month. did. In addition, electricity, gas, water and waste rose 2.0% while services remained at the previous month’s level.

The domestic supply price index, which measures the price fluctuations of goods and services supplied domestically (domestic shipments and imports) to understand the ripple process of price fluctuations, was 118.81, up 0.3% from the previous month. The domestic supply price index rose for the 10th consecutive month. Raw materials rose 0.3%, intermediate goods rose 0.4%, and final goods rose 0.2%, respectively.

The total output price index, which measures the price fluctuations of goods and services on the basis of the total output including exports in addition to domestic shipments to understand the overall price fluctuations of domestic products, rose 0.5% to 112.01. The total output price index also rose for the 10th consecutive month. Agriculture, forestry and fishery products fell 0.7%, while industrial products rose 0.7%.