South Korea’s central bank’s report shows that producer inflation slowed and reached its lowest levels in March, compared to the last 25 months. The recovery was led by the agriculture and petroleum sector.
The PPI or Producer Price Index for the month of March was 3.3% compared to 2.8% in February. This is the slowest annual rise observed since February 2021. The drop in the inflation levels has been attributed to a 4.6% fall in the price of essential agriculture commodities along with a 1.3% fall in coal and petroleum product prices.
