Data from South Korea's central bank suggest that consumer prices will be lower in the months to come... thanks to lower producer prices.<br />According to the Bank of Korea on Friday, producer prices fell in January by two tenths of a percent from the month before,... the fourth monthly decline in a row.<br />The BOK attributed the drop to a lower prices for petroleum and coal products.<br />Oil prices had been falling too since November but rebounded slightly last month.<br />The prices of agricultural goods and services both inched up last month as well. <br />
