Bloomberg News

South Korean Producer-Price Inflation Eases to a 10-Month Low

November 09, 2011

Nov. 10 (Bloomberg) -- South Korean producer prices rose at the slowest pace in ten months in October, bolstering the central bank’s case for leaving interest rates unchanged tomorrow.

Prices climbed 5.6 percent from a year earlier, after a 5.7 percent increase in September, the Bank of Korea said in a statement from Seoul today. They were unchanged from September.

The Bank of Korea will leave its benchmark rate unchanged at 3.25 percent tomorrow for the fifth straight month, according to all 17 economists in a Bloomberg News survey.

Consumer inflation moderated to 3.9 percent last month, the first month this year price increases fell below the central bank’s target limit of 4 percent.

--Editors: Ken McCallum, Nerys Avery

To contact the reporter on this story: Eunkyung Seo in Seoul at eseo3@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net


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