Price Statistics Team,
Economic Statistics Department,
The Bank of Korea
Tel : 822-759-4347   Fax : 822-759-4307



Prices in June 1999

 

    Consumer prices fell 0.6% in June over the previous month, following a 0.2% drop in May 1999. The downward movement of CPI is affected mainly by the great increase of shipments coming on the market in the agricultural & marine products sector, especially vegetables.

    Producer prices also edged down 0.7% in June 1999 from a month earlier. Much of the decline of PPI reflects dropping in the prices of Agricultural, forest & marine products like fruits. Another factor is the decline of the price of manufacturing products like Nonmetallic mineral products and Radio, television & communication equipment.


Price Trends

(unit : %)         


June 981)

June 97 to
June 98

May 991)

June 991)

June 98 to
June 99

Consumer Price Index






   All items

-0.4

7.5

-0.2

-0.6

0.6

   Agri. & marine products

-3.3

3.2

-1.5

-3.8

7.2

   Industrial products

0.3

12.0

0.4

0.0

0.3

   Services2)

-0.2

5.5

-0.3

-0.1

-1.2

Producer Price Index






   All items

-0.1

13.3

0.4

-0.7

-3.2

   Agri. forest & marine products

-0.8

-2.0

-0.1

-7.1

10.7

   Manufacturing industry products

-0.1

16.0

0.6

-0.2

-4.4

   Electric power, water & gas supply

0.0

17.2

0.2

-0.2

-1.5

   Services3)

-0.2

9.7

0.3

-0.1

-3.3

 


The Bank of Korea