S. Korea's producer price index in September reaches all-time high
Updated: 2021-10-21 07:44:51 KST
South Korea's producer price index hit a record-high in September,rising for the eleventh consecutive month.
The Bank of Korea says the index was one-hundred-11.one-three, up point-two percent on-month.
It has now hit an all-time high for six straight months.
Also, it jumped 7.5 percent on-year, the largest increase since 2011.
The central bank attributed the rise to higher prices of industrial goods, led by global oil, raw materials and chemical products.
It was also driven by higher prices of electricity and parcel delivery services.