Producer prices in South Korea were down 0.1 percent on month in March, the Bank of Korea said on Monday.

That follows the 0.1 percent increase in February.

Among the individual components, prices for agricultural, forestry and marine products were down 2.3 percent on month, while manufacturing industry product prices added 0.3 percent, utility prices tumbled 4.0 percent and services prices slipped 0.1 percent.

On a yearly basis, producer prices dropped 3.7 percent after falling 3.6 percent in the previous month.

The material has been provided by InstaForex Company – www.instaforex.com