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2010.10.1103:04:00UTC+00S. Korean Producer Price Inflation Rises In September

South Korean producer prices rose at a faster pace of 4% in September from the previous year, the Bank of Korea said in a report on Monday. Annual growth in July and August were 3.4% and 3.1%, respectively. Month-on-month increase also rose to 1% from 0.3% in August.

Prices of agricultural, forest and marine products climbed 29.6%, much faster than the 7.1% increase seen in August. Industrial product prices rose 3.6% compared to 3.7% last month. Prices of electricity, water and gas moved up 3.7% and prices of services advanced 1.2%.

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