S.Korea's producer price keeps record-breaking trend in October

Price for goods and services among South Korean suppliers kept a record-breaking trend on expensive crude oil, central bank data showed Friday.

The producer price index (PPI) gained 0.8 percent from a month earlier to 112.21 in October, according to the Bank of Korea (BOK).

The index has continued to break previous records for the seventh consecutive month since April. From a year ago, the index surged 8.9 percent in October, marking the fastest increase in 13 years since October 2008.

The producer price for industrial products, including oil products, rose 1.8 percent in October from the prior month, maintaining an upward momentum for 17 straight months.

Price for coal and oil products jumped 12.6 percent, and those for primary metal products and chemicals advanced 2.5 percent and 1.7 percent each in October on a monthly basis.

Price for agricultural, livestock and fishery products declined 4.7 percent in October from a month earlier.

Services price among suppliers was unchanged in October compared to the previous month. Enditem