The South Korean March PPI has risen at its slowest rate y/y since February of 2021

Further evidence of the slowing pace of inflation, this time from PPI (in a nutshell this is wholesale elve inflation) from South Korea in March.

While slowing is welcome its still a long way down to the 2% CPI targets most central banks have.

'Anyway, the numbers from the Bank of Korea, South Korea's central bank:

• March PPI +3.3% y/y (prior 4.8%)
• March PPI +0.1% m/m (prior 0.2%)