South KoreaSouth Korea PPI MoM climbed to 0.3% in December 2024
South Korea PPI MoM climbed to 0.3% in December 2024, released January 2025, up 0.2% from November's 0.1% reading. The print came in hotter than the 0.2% consensus, a hotter print than forecasters anticipated. PPI MoM has now risen for 4 consecutive months. Over the past 3 months, PPI MoM averaged 0.0%, vs -0.0% in the prior 3-month window. PPI MoM is now the highest in 10 months.
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Median Absolute Error
across last 12 releases
Last Call
Jan 2025
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/KRW | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| KOSPI | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI MoM (South Korea) was reported at 0.3% in January 2025. This beat the market consensus of 0.2% by 0.1%. The reading rose from the previous value of 0.1%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.1%, up from the prior three at -0%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/KRW (Bullish KRW). A secondary relationship exists with KOSPI, positively correlated (Bullish KR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.18%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (Nov 10).
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
PPI MoM - KR
About PPI MoM — South Korea
DEFINITION
PPI MoM stands for Producer Price Index Month-over-Month and is a key economic indicator used to measure the average change in prices received by domestic producers for their goods and services over a one-month period. This indicator provides valuable insights into inflationary pressures in the economy and is closely monitored by policymakers, investors, and businesses to make informed decisions. A higher PPI MoM indicates rising prices, while a lower PPI MoM suggests a decrease in prices, making it an essential tool for understanding the current state of the economy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2024): actual 0.3 %, consensus 0.2 %. Prior reading (Nov 2024): 0.1 %. Before that (Oct 2024, first reported): -0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast is 0.47% (latest print 0.3%). The 3-month forecast is 0.8%. The projection is based on the indicator's own recent trend. This indicator correlates most strongly with USD/KRW (Bullish KRW, r=-0.50) — a useful reference for forex-focused traders.
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Economic Calendar - KR Events
| Tuesday, November 10, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 23:00 | KR | Unemployment Rate | 2.6 | 2.8 | 2.80 | Medium | |