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Korea's producer prices up 0.1% in February m/m

2015-03-19 0 Dailymotion

Korea's producer prices have risen for the first time in seven months.<br />The index serves as a leading indicator for consumer prices. <br />The Bank of Korea says... producer prices edged up by zero-point-1 percent in February from a month ago.<br />The central bank attributes the pick up... to a recent oil price rebound... and a rise... in fresh produce prices, as the Lunar New Year holiday fell in February this year.<br />The price of benchmark Dubai crude soared more than 20 percent last month from January.<br />However, experts are skeptical as to whether the rally will continue,...amid growing expectations about a rate hike by the U.S. Fed... and a decline in oil prices this month.

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