South KoreaSouth Korea PPI YoY climbed to 1.7% in December 2024
South Korea PPI YoY climbed to 1.7% in December 2024, released January 2025, up 0.3% from November's 1.4% reading. The print came in hotter than the 1.5% consensus, a hotter print than forecasters anticipated. PPI YoY has now risen for 3 consecutive months. Over the past 3 months, PPI YoY averaged 1.2%, vs 1.73% in the prior 3-month window. The reading is in the 69th percentile of the trailing 24-month range.
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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 YoY (South Korea) was reported at 1.7% in January 2025. This beat the market consensus of 1.5% by 0.2%. The reading rose from the previous value of 1.4%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.37%, down from the prior three at 1.73%.
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 YoY - KR
About PPI YoY — South Korea
DEFINITION
PPI YoY stands for Producer Price Index Year-over-Year 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 12-month period. It is often used as a gauge of inflationary pressures in the economy and can provide valuable insights into the overall health of the manufacturing sector. PPI YoY is closely monitored by investors, policymakers, and businesses to make informed decisions about pricing strategies, production levels, and monetary policy.
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 1.7 %, consensus 1.5 %. Prior reading (Nov 2024): 1.4 %. Before that (Oct 2024, first reported): 1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast is 1.93% (latest print 1.7%). The 3-month forecast is 2.4%. 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 | |