- July PPI -0.5% m/m vs -1.4% in June .
- July PPI -0.1 % y/y vs +0.8% in June .
Prices fell or showed slowing growth across key categories, with farm products prices falling from unusually high levels seen a year earlier and industrial goods prices easing due to weak global demand . Data released last month showed annual consumer inflation to a more than 12 year low in July . Speculation now the BOK has room for another rate cut in September after leaving it unchanged this month at 3%.
Does it feel like we are going to be “easing on down the road” come September?
