S. Korea's producer prices fall for 10th straight month in July
Aug. 16, 2013
South Korea's producer prices fell for the 10th straight month in July as the local currency's gain to the U.S. dollar helped offset higher oil costs, the central bank said Friday.The producer price index, a barometer of future consumer inflation, slid 0.9 percent in July from a year earlier, compared with a 1.4 percent on-year decline in June, according to the Bank of Korea (BOK).On a yearly basis, the producer prices have fallen every month since October 2012 when such prices fell 0.5 percent