SEOUL : South Korea's producer inflation slowed in May to its weakest pace in nearly 2-1/2 years, central bank data showed on Wednesday, due mostly to weaker oil prices. The producer price index stood 0.6 per cent higher in May from the same month a year before, after a 1.6 per cent rise in April, accordi
SEOUL : South Korea's producer inflation slowed in May to its weakest pace in nearly 2-1/2 years, central bank data showed on Wednesday, due mostly to weaker oil prices.
The producer price index stood 0.6 per cent higher in May from the same month a year before, after a 1.6 per cent rise in April, according to the Bank of Korea . The annual rate weakened for an 11th consecutive month and marked the slowest level since December 2020. "There are both upside and downside factors mixed in June, so it is unclear whether the rate will swing to a fall next month," a BOK official said during a media briefing.
The index fell 0.3 per cent on a monthly basis, accelerating from a 0.1 per cent fall in April, with coal and petroleum products leading the decline.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Youth unemployment soars in South Korea as young opt for break instead of job seekingMost of them cite the unavailability of jobs offering desirable wages and working conditions. Read more at straitstimes.com.
Read more »
South Korea to gradually normalise regulations on banks from H2SEOUL : South Korea will gradually unwind relaxed regulations on banks from the second half of this year, the country's financial regulator said on Tuesday.In a statement, the Financial Services Commission (FSC) said it would normalise the loan-to-deposit ratio requirement on lenders from July. The ratio
Read more »
Scoot plane heading to Singapore from South Korea missing a wheel during stop in TaipeiSINGAPORE: A Scoot plane heading from South Korea to Singapore was found to be missing a left nose wheel after it landed in Taipei during a scheduled stop on Monday (Jun 19) morning. Scoot said that flight TR897 detected a technical fault upon landing at Taoyuan International Airport.
Read more »
South Korea cuts 'killer questions' from college entrance examSEOUL: South Korea will drop so-called 'killer questions' from its notoriously tough college entrance exam in a bid to reduce reliance on private cram schools, the education ministry said Tuesday.
Read more »
South Korea cuts ‘killer questions’ from college entrance examMore than half a million students sit the annual nine-hour test. Read more at straitstimes.com.
Read more »
South Korea cuts 'killer questions' from college entrance examSEOUL — South Korea will drop so-called 'killer questions' from its notoriously tough college entrance exam in a bid to reduce reliance on private cram schools, the education ministry said on Tuesday (June 20).
Read more »