20.08.202521:13:20UTC+00South Korea’s Producer Infaliton Stable in July

In July 2025, South Korea's producer prices saw a 0.5% increase compared to the same month the previous year, maintaining the growth rate observed in June. Service costs experienced an upward shift, rising to 1.6% from 1.3% in June. In contrast, manufacturing product prices declined further by 1.0%, following a 0.9% decrease, largely impacted by ongoing issues in the automotive industry due to U.S. tariffs on steel and aluminum. Agricultural, forestry, and marine product prices significantly increased by 5.8%, a sharp rise from 1.7% previously, whereas the growth in fees for electricity, water, and gas services moderated to 3.9% from 4.6% in June. On a month-to-month comparison, producer prices rose by 0.4% in July, building on a minor 0.1% increase reported for the prior month.