The producer price index (PPI) in South Korea in 2021 amounted to 110.64, which is 6.38% more than in 2020, when it was 104.01. This is the first year of growth after a decline. According to the IMF data, since 1965, the producer price index has increased in 21.18 times.
The PPI measures how much the prices that producers receive for their goods and services change over time - it’s like an early warning system for inflation before it reaches consumers. It’s based on a “basket” of goods and services that businesses sell.
Producer Price Index | South Korea – yearly data, chart and table
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Overview
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About indicator
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
