South Korea April producer price decline slows

[SEOUL] South Korea's producer prices fell at their slowest annual pace in almost 1-1/2 years in April, a potentially welcome sign of easing deflationary pressures.

The producer price index for April fell 3.1 per cent from a year earlier, the Bank of Korea data showed on Thursday. This was the slowest annual pace of decline since December 2014.

In monthly terms, the producer price index in April edged up by 0.2 per cent, marking its fastest monthly gain since January 2014, the data showed.

REUTERS