South Korea’s producer inflation slowed to 0.3% year-on-year in May 2025, down from 0.8% in April and the lowest since July 2023. The moderation was mainly driven by a sharper decrease in prices for manufacturing products (-0.8% vs. -0.2% in April), agricultural, forestry & marine products (-1.7% vs. -1.3%), while price increases slowed for electricity, water, and gas prices (4.6% vs. 5.7%), and services (1.2% vs. 1.5%). On a monthly basis, producer prices slipped 0.4% following a 0.2% drop in the previous month.