2023-12-20 23:47:13
[비즈니스포스트] In November, the domestic producer price index showed a downward trend for two consecutive months due to the decline 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% from November last year.
▲ The Bank of Korea announced on the 21st that the domestic producer price index in November declined for two consecutive months due to the decline in prices of industrial products and agricultural, forestry and fishery 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 of this year, then showed a downward trend from April to June, but rebounded in July and has been showing a downward trend since October.
The Bank of Korea explained, “In November, the producer price index increased for electricity, gas, water and waste (0.7%), but fell 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 (3.8%) rose, but agricultural products (-4.9%) and livestock products (-2.3%) fell, down 2.7% compared to October.
Industrial products such as food and beverages (0.1%) rose, 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 0.7% compared to October due to an increase in industrial power (4.6%).
As for services, restaurants and lodging services (0.1%) rose, but real estate services (-0.1%) fell, 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 compared to October.
On the other hand, cabbage (-41.8%), exhaust gas reduction catalyst (-15.8%), diesel (-9.9%), naphtha (-5.6%), rice (-5.1%), chicken (-4.0%), pork (- 3.8%) fell compared to October.
The domestic supply price index, which measures price changes including imported goods in October, fell 1.1% compared to October due to raw materials (-4.0%), intermediate goods (-0.8%), and final goods (-0.8%) all falling. It fell 1.6% compared to November last year.
The total output price index in November, which includes domestic shipments and exports, fell 1.2% compared to October. It fell 1.2% compared to the same period last year. Reporter Cho Seung-ri
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