Bank of Korea data released on 9 December last year, South Korea’s producer price index rose 0.2 percent, up 4.3% year on year; last year, South Korean producer price index rose 6.1%.

Bank of Korea official said rising raw material prices, extreme weather and other factors, South Korea last year, agricultural and livestock and industrial products producer price soared, leading to a breakthrough last year, producer price inflation rate of 6%, much higher than in 2009 (-0.2%) and 2010 (3.8%).

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