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Korea's producer prices fell for the 17 month in a row in February... mainly due to a drop
in raw material prices. The Bank of Korea said... the producer price
index, a barometer of future consumer inflation, dropped point-9 percent last month from a
year earlier. With the Korean economy heavily reliant on
exports, low oil prices and strong local currency helped pull producer prices down.
The data came as the BOK froze its key interest rate at 2-point-5 percent for the 10th straight
month in March,... after the central bank assessed the local economy as being on a recovery
path amid tame inflation. The nation's consumer price index, meanwhile,
rose 1 percent in February from a year earlier,... marking the fourth straight month that growth
has stayed in the 1-percent range.