April producer prices down 0.1% m/m

Producer prices eased in April amid lower oil prices and greater agricultural output.

According to the Bank of Korea on Friday the producer price index FELL zero-point-one percent on month.

The on-month decline is the first in six months but ON YEAR the index remains zero-point-nine percent higher.

By product that of agriculture saw the deepest plunge at five-point-eight percent with the price of onions down 15-point-8 percent and cucumbers down over 35 percent.