South Korea's producer prices experienced their sharpest rise in over three years in March. The surge, fueled by escalating oil prices due to Middle East conflict, pushed the Bank of Korea's producer price index up 4.1% year-on-year.
This marks a significant acceleration from February's 2.5% increase. On a monthly basis, the index climbed 1.6%, the fastest pace since April 2022, with coal and petroleum products seeing a substantial 31.9% price jump.