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Mitigate inflationary pressure

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Producer price index hit all-time high last month

Korea's producer prices continued to rise sharply in September, driven by the upsurge of international oil and commodity prices. According to the Bank of Korea, the producer price index, the sign of future consumer prices, gained 0.2 percent, from 110.86 in August to 111.13 last month, hitting an all-time high. The September reading was up 7.5 percent year-on-year, the steepest jump in more than a decade since April 2011.

Manufactured goods pulled up the prices, reflecting the rise in costs of oil and other commodities.........

© The Korea Times

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