SEOUL: Prices for goods and services among South Korean suppliers rebounded in three months due to higher prices for farm goods and natural gas, central bank data showed on Tuesday.

The producer price index rose 0.1 percent in December last year compared to the previous month after sliding 0.1 percent in October and 0.4 percent in November, according to the Bank of Korea.Prices for agricultural, livestock and fishery products among suppliers advanced 4.9 percent last month, marking the first turnaround in three months.Producer price for electricity, natural gas and tap water climbed 1.0 percent in December from a month ago, affected by expensive natural gas for industrial use, the price of which jumped 6.7 percent.Producer prices for industrial products, including oil products, retreated 0.4 percent in December on a monthly basis on the back of cheaper oil and chemical products.Prices for coal and oil products dipped 3.7 percent, keeping a downward trend for the third straight month.Service price added 0.2 percent last month on higher costs for the lodging and eatery, and the finance and insurance services. Read The Rest at :