South Korea PPI Flat On Month In May

(RTTNews) - Producer prices in South Korea were unchanged on month in May, the Bank of Korea said on Monday.

That was beneath forecasts for an increase of 0.3 percent and down from 0.2 percent in April.

Among the individual components, prices for agricultural, forestry & marine products fell 4.2 percent on month, while manufacturing products added 0.5 percent, electric power, gas & water supply slid 1.9 percent and services gained 0.1 percent.

On a yearly basis, producer prices skidded 3.1 percent versus expectations for a decline of 2.8 percent and unchanged from the previous month.