South Korea’s PPI has fallen for the first time in three months – no Tylenol for you!

South Korea’s PPI fell 0.1% in August, the first decline since May, driven by SK Telecom’s one-off 50% bill discount after a data breach.

Without the telecom effect, producer prices would have risen modestly.

On the year, PPI still gained 0.5% for a 25-month growth streak.

Supply prices (the domestic supply price index, which includes imports) rose 0.2% on costlier raw materials, while consumer inflation eased to 1.7%, the slowest in nine months.

This article was written by Eamonn Sheridan at investinglive.com.