Producer price rises 3 times higher than import price index exports Inflation is strengthened
As the international producer price rose sharply, the increase in the import price index recorded three times that of exports, which intensified inflation.
Korea's import price increased by 30.1% in the same month of the previous year and export price by 22.3%, but compared to the previous month, import price increased by 4.1% and exports by 1.4%, which is three times larger.
The U.S. Producer Price Index (PPI) for January rose 1.0% from the previous month and 9.7% from the same period last year, the Ministry of Labor announced on the 15th. An increase in inflation confirmed the increase in inflation.
Inflation in the UK was 5.5% in January and was 5.4% in December, the Bank of England (BoE) said on the 15th that "inflation in the UK will peak in April with a rise of 7.25%".
The Korean producer price index was 109.6 last year, up 6.4% from 103.3 in the previous year (2020), close to the 6.7% increase in 2011 right after the financial crisis.
The UK's output sector producer price index (PPI) rose 9.9% year-on-year in January, and the input sector PPI rose 13.6% year-on-year. Inflation is 4.4%.
The UK's Financial Times (FT) said the UK's consumer price index (CPI) rose 5.5% in January compared to the same period a year earlier, more than double the Bank of England target of 2%, the highest since March 1992 of the Gulf War of 7.1% 16 reported the day.
The National Bureau of Statistics of China announced on the 15th that the producer price index (PPI) rose 9.1% year-on-year in January and the consumer price index (CPI) rose 0.9% in January.
The decline in the CPI growth rate was led by a 41.6% drop in pork prices, a representative Chinese consumer price, and a 4.1% drop in fresh vegetable prices.
China's monthly PPI growth rate reached an all-time high of 13.5% in October of last year.
The Ministry of Finance announced on the 17th that Japan's exports in January increased by 9.6% from the same month of the previous year to 6.332 trillion yen, and imports increased 39.6% to 8,523.1 billion yen, a trade deficit of 2.191.1 trillion yen.
Energy imports in January were 2.16.6 trillion yen, an increase of 83% compared to the same period of the previous year, and crude oil import prices rose by 76%.
Japan's trade surplus with Korea is 183 billion yen, up 5.4% from January last year.