S. Korea's producer price index fall slightly in August

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Transcription:

 

South Korea's producer prices fell slightly in August despite higher prices of agricultural products.

Data released from the Bank of Korea on Tuesday shows that the producer price index which is a key inflation indicator fell 0.1 percent in August compared to the previous month.

The drop last month comes after the index saw an on-month increase in July.

While prices for agricultural, forestry and marine products were up 5.3 percent on-month due to the heatwave, the fall in prices of industrial products led to a slight drop in the overall index.

8월 한국의 생산자 물가는 농산물 가격 상승에도 불구하고 소폭 하락했습니다.

한국은행이 화요일에 발표한 데이터에 따르면 8월 주요 인플레이션 지표인 생산자물가지수는 전월 대비 0.1% 하락했습니다.
지난달의 하락폭은 7월 지수가 전월 대비 상승한 이후 나온 것입니다.

폭염으로 농림수산품 가격이 전월 대비 5.3% 상승한 반면, 공산품 가격이 하락하면서 전체 지수는 소폭 하락했습니다. 

 

 

 

Questions:

 

1. What was the primary factor driving the overall decline in South Korea's producer price index in August, despite rising prices for agricultural products?

2. How did the producer price index change in July compared to June?

3. What does the provided information suggest about the overall inflationary pressures in South Korea's economy?​​