SEOUL, April 22 (Reuters) – South Korea’s producer prices rose in March at the sharpest pace in more than three years on a surge in oil prices sparked by the Middle East conflict, central bank data showed on Wednesday.
The Bank of Korea’s producer price index rose 4.1% in March from a year earlier, after rising 2.5% in February. It was the fastest rise since February 2023.
On a monthly basis, the index rose 1.6%, marking the fastest since April 2022, as the prices of coal and petroleum products jumped 31.9%.
(Reporting by Jihoon Lee; Editing by Christian Schmollinger)
