Producer prices in South Korea rose for the 21st month in a row in July... to an almost four-year high,... and that signals a probable price hike down the road for consumers too.<br />Data from the Bank of Korea released Tuesday shows last month's producer price index jumped by nearly three-percent from the same period last year.<br />An official at the central bank attributed the sharp increase to the soaring prices of agricultural products ...which were hit hard by the record-breaking heatwave.<br />Compared to the previous month, prices of farm produce were up by almost eight percent.<br />Prices of industrial goods edged up three tenths of a percent, and oil and petroleum products rose by almost three percent. <br />
