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Next week (March 21-25), the February producer price index will be released.
With the price of atomic ash soaring due to the Ukraine crisis, the rise in the producer price index is noteworthy.
A financial stability report containing the size of the private sector’s debt and ‘Korea’s social indicators’ that will show the picture of society amid COVID-19 are also available.
The Bank of Korea will release the ‘February Producer Price Index’ on the 23rd.
In January, the producer price index rose 0.9% from December last year due to the rise in raw material prices such as oil.
As oil prices remain high due to the Ukraine crisis, it is highly probable that the producer price index continued to rise in February.
The Bank of Korea’s ‘Financial Stability Report (as of March)’, to be released on the 24th, contains the status and characteristics of credit (debt) in the private sector, including households and businesses.
According to the same report released in December of last year, the ratio of private credit (the sum of household and corporate debt on the money cycle table) to nominal gross domestic product (GDP) at the end of the third quarter of last year was 219.9%.
It is not only the highest since the statistics began in 1975, but also increased by 9.4 percentage points (p) from a year ago.
It is noteworthy how much private debt such as household credit has risen since the third quarter of last year.
On the 24th, Statistics Korea will release statistics on ‘2021 Korea’s Social Indicators’.
Korea’s social indicators are statistics that provide a glimpse of Korea’s social situation among statistics published in 2020-2021.
Changes can be seen in areas such as population and health, labor and leisure, income, consumption and assets, housing, and living environment.
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