S. Korea March Producer Prices Rose at Fastest Pace in Over 3 Years
By Reuters | 21 Apr, 2026

The 31.9% jump in oil prices sparked by the Middle East conflict precipitated a 4.1% rise in producer prices.

South Korea's producer prices rose in March at the sharpest pace in more than three years on a surge in oil prices sparked by the Middle East conflict, central bank data showed on Wednesday.

The Bank of Korea's producer price index rose 4.1% in March from a year earlier, after rising 2.5% in February. It was the fastest rise since February 2023.

On a monthly basis, the index rose 1.6%, marking the fastest since April 2022, as the prices of coal and petroleum products jumped 31.9%.

(Reporting by Jihoon Lee; Editing by Christian Schmollinger)