South Korea Producer Price Inflation Slows In February

South Korea's producer price inflation slowed in February after rising in the previous month, data published by Bank of Korea showed on Friday.

Producer prices increased 0.7 percent year-on-year in February, after a 1.1 percent rise in January.

Prices for agricultural, forestry and marine products prices increased 0.7 percent. Prices for electric power, gas, water and waste, and services gained 2.9 percent and 1.4 percent, respectively.

Prices for manufacturing products fell 0.5 percent.

On a monthly basis, producer prices fell 0.3 percent in February, reversing a 0.4 percent increase in the prior month.

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