South Korean inflation knowledge, on the producer degree, so not CPI for February 2024
+0.3% m/m
+1.5% y/y
Encouraging indicators from the m/m, slowing inflation at this degree of the chain.
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PPI knowledge will not be consumer-level inflation, however producer-level :
- The Producer Value Index (PPI) measures a change in enter costs of uncooked, semi-finished or completed items and providers. If enter prices rise, some can be absorbed by the producer and a few handed on to the patron. Conversely, if enter prices fall, a number of the decline can be loved as wider revenue margins by the producer and a few can be handed on to the patron within the type of decrease costs. As a result of PPI impacts client costs, it’s watched by central bankers as a part of fulfilling their mandate of value stability.
