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Economic Report

Economic reports, briefs issued by Samsung Economic Research Institute

Producer Prices Fall 2.8% in April

Producer Prices Fall 2.8% in April

May 20, 2013

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April's producer prices tumbled 2.8% from a year ago, gaining from the previous month's 2.4% drop. According to the Bank of Korea (BOK), the fall extends the prices' year-on-year decline for the seventh straight month while representing the largest fall in 42 months since October 2009 when they tumbled 3.1%. "Falling international raw material prices and the won/dollar exchange rate were the main contributors," said a source at the BOK. The won/dollar exchange rate slid 1.2% during the same one year period. Compared to the month before, producer prices dipped 0.3%, slowing from March's 0.4% drop.

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