Producer Price Index during January 2023

□ The Producer Price Index increased by 0.4% month-on-month in January

2023 ― in year-on-year terms it increased by 5.1%.

□ The month-on-month changes in the major sub-indices are as follows:

o Agricultural, forestry & marine products: 0.6%
o Manufacturing products: -0.1%
o Electric power, gas, water & waste: 4.0%
o Services: 0.5%

Producer Price Index

(%)
Month-on-month Year-on-year
Weight 2022 2023 2022 2023
Oct Nov Dec Janp Oct Nov Dec Janp
All items 1000.0 0.5 -0.3 -0.4 0.4 7.3 6.2 5.8 5.1
Agricultural, forestry & 34.3 -7.3 -3.2 4.9 0.6 4.1 -0.7 1.5 0.3
marine products
Agricultural foods 15.5 -11.2 -7.8 8.2 4.9 4.0 -5.7 -3.0 -2.0
Livestock products 11.9 -4.5 -0.6 0.8 -5.8 3.1 1.8 3.3 -1.2
Marine foods 6.0 1.5 4.1 3.1 0.4 6.8 8.2 9.5 7.7
Manufacturing products 509.4 0.4 -0.5 -1.3 -0.1 7.8 6.3 5.6 4.3
Food products & 45.1 1.1 0.1 0.4 0.7 11.6 11.6 11.6 10.6
beverages
Coal products & 42.9 1.9 -1.4 -8.8 -3.1 32.9 25.8 23.2 12.2
petroleum products
Chemical products 89.5 -0.1 -1.4 -1.4 0.1 7.0 4.3 3.7 2.6
Basic metal products 60.2 -0.3 -0.1 -1.1 0.1 3.3 0.2 -0.2 -0.2
Computers, electronic 46.1 0.6 -1.7 -1.9 -1.6 -1.9 -3.3 -5.1 -5.8
& optical equipment
Electric power, gas, 69.7 8.1 -0.1 0.3 4.0 32.4 29.7 27.9 29.8
water & waste
Services 384.6 0.2 0.0 0.2 0.5 3.4 3.3 3.2 3.0
Accommodation & 70.7 0.4 0.2 0.6 0.5 9.1 8.9 8.5 8.0
food services
Transportation 58.6 0.6 -0.4 0.2 0.0 6.5 5.3 5.0 4.1
Information,
telecommunication & 54.8 0.0 0.0 0.0 1.0 0.8 0.8 1.0 1.6
broadcasting services
Financial & 29.3 -1.4 1.3 -0.3 -0.1 -8.0 -6.9 -7.2 -6.3
insurance activities
Real estate activities 63.5 0.2 -0.3 0.1 0.0 1.2 1.3 1.4 1.3
Business support 31.2 0.0 0.0 -0.1 0.3 5.6 4.9 4.7 2.6
services
Note : The Indexes are preliminary and may be revised next month.

- 1 -
 Domestic Supply Price Index1) & Total Output Price Index2)
during January 2023
1) The Index measures changes in the price of goods and services supplied to the domestic market by the
stages of production.
2) The Index measures changes in the price of goods and services produced by domestic producers.

□ The Domestic Supply Price Index decreased by 1.0% month-on-month in

January 2023 ― in year-on-year terms it increased by 4.8%.
□ The month-on-month changes in the major sub-indices are as follows:
o Raw materials: -8.1%
o Intermediate goods and services: -0.4%
o Final goods and services: 0.1%

Domestic Supply Price Index

(%)
Month-on-month Year-on-year
Weight1) 2022 2023 2022 2023
Oct Nov Dec Janp Oct Nov Dec Janp
Domestic Supply 1000.0 0.3 -1.6 -1.7 -1.0 11.4 8.1 6.3 4.8
Price Index
Raw materials 93.8 -1.6 -4.7 -6.5 -8.1 36.6 22.5 14.6 9.3
Intermediate 577.4 0.7 -1.3 -1.5 -0.4 10.0 7.3 5.8 4.5
goods and services
Final goods and 328.8 0.3 -1.2 -0.7 0.1 7.3 5.7 4.9 4.1
services
Notes : 1) Please refer to p.11 for details.
2) The Indexes are preliminary and may be revised next month.

□ The Total Output Price Index decreased by 0.6% month-on-month in

January 2023 ―
in year-on-year terms it increased by 3.6%.

Total Output Price Index

(%)
Month-on-month Year-on-year
Weight1) 2022 2023 2022 2023
Oct Nov Dec Janp Oct Nov Dec Janp
Total Output 1000.0 0.7 -1.8 -1.8 -0.6 9.3 6.8 5.1 3.6
Price Index
Agricultural,
forestry & marine 27.5 -7.2 -3.2 4.7 0.6 4.3 -0.4 1.6 0.4
products
Manufacturing 618.0 0.7 -2.7 -3.2 -1.6 10.9 7.3 4.6 2.1
products
Notes : 1) Please refer to p.12 for details.
2) The Indexes are preliminary and may be revised next month.

※ Further statistics can be found at the Bank of Korea's Economic Statistics System
website(http://ecos.bok.or.kr).

- 2 -
1. Producer Price Index
(2015=100)
Index Change (%)
Compared
Weight Month- with Year-
2022.12 2023.1p
on-month previous on-year
year-end
1. Basic Groups
All items 1000.0 119.79 120.29 0.4 0.4 5.1
Goods 615.4 124.21 124.69 0.4 0.4 6.6
Agricultural, forestry & marine products 34.3 136.95 137.76 0.6 0.6 0.3
Agricultural foods 15.5 134.82 141.37 4.9 4.9 -2.0
Livestock products 11.9 123.32 116.14 -5.8 -5.8 -1.2
Forest products 0.9 157.89 178.15 12.8 12.8 21.3
Marine foods 6.0 166.34 167.04 0.4 0.4 7.7
Mining products 2.0 134.97 138.59 2.7 2.7 5.9
Coal, crude petroleum & natural gas 0.1 142.11 142.11 0.0 0.0 -0.2
Metallic & non-metallic mineral products 1.9 133.96 137.74 2.8 2.8 6.2
Manufacturing products 509.4 121.98 121.82 -0.1 -0.1 4.3
Food products & beverages 45.1 122.64 123.52 0.7 0.7 10.6
Food products 38.4 124.46 125.47 0.8 0.8 11.6
Beverages 5.5 116.02 116.28 0.2 0.2 6.1
Cigarette 1.2 100.00 100.00 0.0 0.0 0.0
Fiber products & leather products 17.2 115.19 115.02 -0.1 -0.1 6.0
Fiber products & apparels 15.0 116.56 116.43 -0.1 -0.1 6.3
Leather products 2.2 107.31 106.88 -0.4 -0.4 3.8
Wood & paper products 16.7 130.10 130.02 -0.1 -0.1 4.0
Wood & wooden products 4.5 124.46 123.05 -1.1 -1.1 1.7
Pulp & paper products 12.2 131.38 131.81 0.3 0.3 4.8
Coal products & petroleum products 42.9 178.80 173.20 -3.1 -3.1 12.2
Chemical products 89.5 118.81 118.92 0.1 0.1 2.6
Basic chemicals 23.3 137.22 137.45 0.2 0.2 0.1
Synthetic resins & synthetic rubber 9.9 111.89 110.50 -1.2 -1.2 0.1
Chemical fibers 0.9 116.57 116.94 0.3 0.3 7.9
Pharmaceuticals 7.9 99.01 99.36 0.4 0.4 1.1
Fertilizers & pesticides 2.4 118.79 119.89 0.9 0.9 5.0
Other chemical products 14.3 121.83 122.56 0.6 0.6 7.9
Plastic products 26.2 114.60 114.68 0.1 0.1 2.5
Rubber products 4.6 107.10 107.30 0.2 0.2 7.8
Non-metallic mineral products 19.8 121.27 122.53 1.0 1.0 15.3
Glass and glass products 3.6 100.42 100.65 0.2 0.2 3.6
Other non-metallic mineral products 16.2 127.23 128.78 1.2 1.2 18.1
Note : The indexes are preliminary and may be revised next month.

-3-
 (2015=100)
Index Change (%)
Compared
Weight Month- with Year-
2022.12 2023.1p
on-month previous on-year
year-end
Basic metal products 60.2 157.74 157.91 0.1 0.1 -0.2
Basic steel products 40.9 162.01 161.69 -0.2 -0.2 -1.0
Non-ferrous metal bar & basic products 15.6 154.34 155.71 0.9 0.9 1.7
Cast metal products 3.7 121.72 122.04 0.3 0.3 1.0
Fabricated metal products 37.3 135.58 135.92 0.3 0.3 6.0
Computers, electronic & optical equipment 46.1 83.20 81.83 -1.6 -1.6 -5.8
Semi-conductors 4.5 83.87 76.02 -9.4 -9.4 -16.6
Electronic display devices 13.2 74.26 71.48 -3.7 -3.7 -13.6
Other electronic components 6.8 98.11 99.67 1.6 1.6 7.7
Computers & peripherals 1.3 90.63 89.93 -0.8 -0.8 -5.8
Communication & broadcasting equipment,
9.8 71.13 71.75 0.9 0.9 -9.0
video & audio apparatus
Precision equipment 10.5 107.74 107.42 -0.3 -0.3 4.6
Electrical equipment 37.2 118.37 120.32 1.6 1.6 7.9
Machinery & equipment 37.0 109.33 109.35 0.0 0.0 3.5
General purpose machinery 19.5 113.97 113.99 0.0 0.0 5.6
Special purpose machinery 17.5 104.41 104.44 0.0 0.0 1.3
Transport equipment 51.0 106.96 106.97 0.0 0.0 2.1
Motor vehicles 50.9 106.94 106.94 0.0 0.0 2.1
Other transport equipment 0.1 115.44 116.91 1.3 1.3 -1.6
Other manufacturing products 9.4 125.36 126.36 0.8 0.8 12.4
Electric power, gas, water & waste 69.7 134.93 140.34 4.0 4.0 29.8
Electric power, gas & steam 57.9 131.40 137.84 4.9 4.9 38.0
Electric power 33.5 122.65 135.98 10.9 10.9 37.4
Gas, steam & hot water 24.4 144.81 140.05 -3.3 -3.3 38.9

Water, waste treatment & recycling service 11.8 141.82 141.30 -0.4 -0.4 -0.7
Water supply 2.1 114.75 115.83 0.9 0.9 1.8
Wastewater treatment services 2.1 133.81 137.10 2.5 2.5 2.7
Waste treatment & resources recycling services 7.6 153.33 151.01 -1.5 -1.5 -2.3
Services 384.6 113.64 114.17 0.5 0.5 3.0
Transportation 58.6 118.14 118.09 0.0 0.0 4.1
Land transport 27.0 118.08 118.34 0.2 0.2 6.6
Water transport 1.2 122.54 120.16 -1.9 -1.9 1.7
Air transport 7.6 146.96 145.83 -0.8 -0.8 5.5
Warehousing and support activities for transportation 17.3 105.38 105.37 0.0 0.0 0.4
Postal, couriers and messengers activities 5.5 133.84 133.85 0.0 0.0 2.8
Accommodation & food services 70.7 127.26 127.86 0.5 0.5 8.0
Note : The indexes are preliminary and may be revised next month.

-4-
 (2015=100)
Index Change (%)
Compared
Weight p Month- with Year-
2022.12 2023.1
on-month previous on-year
year-end
Information, telecommunication & broadcasting
54.8 102.98 104.03 1.0 1.0 1.6
services
Telecommunications 17.1 88.49 88.50 0.0 0.0 0.3
Information services 3.8 120.69 121.55 0.7 0.7 2.1
Software development, supply & other IT services 28.8 108.55 110.50 1.8 1.8 1.8
Newspapers & publishing services 3.9 122.44 122.87 0.4 0.4 4.0
Motion picture, video, sound recording and publishing
1.2 149.04 149.04 0.0 0.0 7.4
activities
Financial & insurance activities 29.3 91.69 91.63 -0.1 -0.1 -6.3
Financial activities 12.0 80.95 81.14 0.2 0.2 -4.4
Insurance activities 11.1 97.59 97.21 -0.4 -0.4 -1.4
Activities auxiliary to financial and insurance
6.2 113.31 113.26 0.0 0.0 -17.0
activities
Real estate activities 63.5 108.50 108.52 0.0 0.0 1.3
Housing services 22.0 109.26 109.33 0.1 0.1 1.3
Other real estate activities 41.5 107.88 107.88 0.0 0.0 1.3
Professional, scientific and technical services 30.5 122.53 124.29 1.4 1.4 2.9
Professional services related to business 12.9 110.62 110.14 -0.4 -0.4 1.0
Scientific, technical & other professional services 17.6 132.24 135.96 2.8 2.8 4.3
Business support services 31.2 122.56 122.96 0.3 0.3 2.6
Rental and leasing activities of equipment, goods
12.7 114.76 115.45 0.6 0.6 5.1
& intellectual property rights
Business support services 18.5 125.40 125.59 0.2 0.2 0.9
Education 14.5 115.80 116.49 0.6 0.6 3.1
Arts, sports and recreation related services 12.8 115.32 115.89 0.5 0.5 5.0
Culture & travel related services 2.9 111.54 112.32 0.7 0.7 8.1
Sports activities & amusement activities 9.9 115.17 115.67 0.4 0.4 4.2
Other services 18.7 121.13 122.83 1.4 1.4 6.5
Repair services of motor vehicles & goods, personal
18.7 121.13 122.83 1.4 1.4 6.5
services
2. Specialized Groups
Foods 70.6 129.03 130.10 0.8 0.8 5.1
Excluding foods 929.4 119.10 119.56 0.4 0.4 5.1
Fresh foods 13.6 149.97 161.11 7.4 7.4 3.9
Excluding fresh foods 986.4 119.39 119.77 0.3 0.3 5.2
Energy 88.5 148.02 151.44 2.3 2.3 30.5
Excluding energy 911.5 117.60 117.88 0.2 0.2 3.2
Information technology 97.2 93.92 93.95 0.0 0.0 -2.0
Excluding IT 902.8 123.22 123.79 0.5 0.5 6.0
Excluding foods & energy 840.9 116.73 116.95 0.2 0.2 3.0
Excluding fresh foods & energy 897.9 117.15 117.30 0.1 0.1 3.1
Note : The indexes are preliminary and may be revised next month.

-5-
 2. Producer Price Indexes(Time Series)
(2015=100)
Total Index <1000> Agricultural,
Manufacturing
Year & Month Period-on- Year-on- Forestry & Marine Services
Products
Index Period Year Products <384.6>
<509.4>
Change(%) Change(%) <34.3>

2011 105.71 6.7 - 102.42 113.37 95.57

2012 106.44 0.7 - 103.27 112.93 97.09
2013 104.74 -1.6 - 97.11 109.55 97.37
2014 104.18 -0.5 - 97.74 107.22 98.79
2015 100.00 -4.0 - 100.00 100.00 100.00
2016 98.18 -1.8 - 105.84 96.49 101.02
2017 101.57 3.5 - 112.63 101.10 102.45
2018 103.48 1.9 - 116.65 103.31 103.93
2019 103.50 0.0 - 114.01 102.28 105.20
2020 103.03 -0.5 - 124.94 99.65 106.61
2021 109.60 6.4 - 135.11 110.03 109.08
2022p 118.78 8.4 - 136.49 122.90 112.49

2020. 1 104.08 0.4 1.1 121.95 101.92 106.20

2 103.74 -0.3 0.7 118.16 101.45 106.25
3 102.82 -0.9 -0.5 119.53 99.85 105.89
4 101.93 -0.9 -1.7 119.71 98.04 105.99
5 101.96 0.0 -1.8 122.94 97.84 106.07
6 102.48 0.5 -1.0 121.02 98.71 106.44
7 102.71 0.2 -0.8 125.49 99.09 106.85
8 103.22 0.5 -0.5 133.18 99.34 107.18
9 103.42 0.2 -0.4 139.66 99.40 107.01
10 103.01 -0.4 -0.5 126.22 99.46 107.05
11 103.09 0.1 -0.3 124.25 99.74 107.06
12 103.90 0.8 0.2 127.16 100.93 107.28
2021. 1 105.05 1.1 0.9 135.26 102.29 107.97
2 105.91 0.8 2.1 139.42 103.52 108.14
3 107.04 1.1 4.1 139.28 105.57 108.26
4 108.06 1.0 6.0 135.18 107.46 108.65
5 108.65 0.5 6.6 133.53 108.80 108.73
6 109.22 0.5 6.6 133.92 109.69 108.91
7 110.28 1.0 7.4 136.07 111.42 109.34
8 110.86 0.5 7.4 136.96 112.13 109.63
9 111.27 0.4 7.6 135.90 112.77 109.62
10 112.43 1.0 9.1 129.51 115.10 109.70
11 113.23 0.7 9.8 131.45 116.17 109.88
12 113.21 0.0 9.0 134.87 115.46 110.16
2022. 1 114.40 1.1 8.9 137.31 116.80 110.87
2 114.95 0.5 8.5 130.26 118.32 110.88
3 116.70 1.5 9.0 130.57 121.51 111.20
4 118.59 1.6 9.7 133.21 123.97 111.75
5 119.43 0.7 9.9 135.25 125.35 112.19
6 120.10 0.6 10.0 136.18 126.42 112.45
7 120.44 0.3 9.2 141.83 125.59 113.19
8 119.98 -0.4 8.2 145.42 123.62 113.53
9 120.06 0.1 7.9 145.55 123.60 113.27
10 120.68 0.5 7.3 134.86 124.10 113.44
11 120.29 -0.3 6.2 130.50 123.54 113.46
12 119.79 -0.4 5.8 136.95 121.98 113.64
2023. 1p 120.29 0.4 5.1 137.76 121.82 114.17
The Indexes are preliminary and may be revised next month, < > : weight for 2023

-6-
 3. Domestic Supply Price Indexes(Time Series)
(2015=100)
Total Index <1000>
Intermediate Final
Period-on- Year-on- Raw Materials
Year & Month Goods & Services Goods & Services
Index Period Year <93.831>
<557.374> <328.795>
Change(%) Change(%)
2011 112.05 8.1 - 158.69 114.42 98.56
2012 112.55 0.4 - 163.42 113.80 100.06
2013 109.01 -3.1 - 151.45 109.76 99.41
2014 106.83 -2.0 - 141.20 106.91 100.11
2015 100.00 -6.4 - 100.00 100.00 100.00
2016 97.35 -2.7 - 84.72 96.79 100.61
2017 101.38 4.1 - 104.01 100.86 101.40
2018 104.46 3.0 - 119.36 103.59 102.18
2019 104.71 0.2 - 118.78 103.47 103.21
2020 102.30 -2.3 - 99.28 101.47 103.74
2021 111.12 8.6 - 130.49 111.07 106.23
2022 125.34 12.8 - 186.78 124.66 112.82
2020. 1 104.80 0.3 1.3 117.94 103.17 104.15
2 105.14 0.3 1.6 119.55 103.51 104.21
3 104.02 -1.1 -0.3 113.53 102.40 104.02
4 101.70 -2.2 -3.0 96.95 100.89 103.45
5 100.51 -1.2 -5.1 85.50 100.20 103.61
6 101.24 0.7 -3.9 90.65 100.63 103.89
7 101.84 0.6 -2.8 96.47 101.06 103.71
8 102.11 0.3 -3.3 96.11 101.33 104.09
9 102.20 0.1 -2.8 96.67 101.34 104.24
10 101.24 -0.9 -3.4 91.90 100.83 103.30
11 101.02 -0.2 -3.0 91.36 100.74 102.96
12 101.78 0.8 -2.6 94.68 101.49 103.19
2021. 1 103.56 1.7 -1.2 102.60 102.93 104.15
2 105.22 1.6 0.1 108.91 104.63 104.71
3 107.30 2.0 3.2 116.97 106.76 105.37
4 108.41 1.0 6.6 119.26 108.49 105.18
5 109.05 0.6 8.5 119.92 109.36 105.47
6 110.11 1.0 8.8 125.46 110.28 105.74
7 112.25 1.9 10.2 135.75 112.19 106.45
8 113.42 1.0 11.1 140.05 113.39 106.88
9 113.91 0.4 11.5 140.43 114.07 107.05
10 115.69 1.6 14.3 146.00 116.02 107.72
11 117.30 1.4 16.1 155.28 117.41 107.99
12 117.26 0.0 15.2 155.24 117.30 108.06
2022. 1 117.83 0.5 13.8 149.51 118.38 108.99
2 119.24 1.2 13.3 158.86 119.58 109.25
3 122.21 2.5 13.9 171.52 122.37 110.62
4 125.47 2.7 15.7 189.87 125.25 111.66
5 126.75 1.0 16.2 192.75 126.34 112.91
6 127.80 0.8 16.1 200.87 126.78 113.64
7 128.70 0.7 14.7 209.88 126.87 114.34
8 127.27 -1.1 12.2 197.73 125.83 114.28
9 128.45 0.9 12.8 202.81 126.73 115.13
10 128.87 0.3 11.4 199.48 127.61 115.53
11 126.83 -1.6 8.1 190.18 125.99 114.18
12 124.66 -1.7 6.3 177.86 124.16 113.35
2023. 1p 123.46 -1.0 4.8 163.40 123.65 113.50
The Indexes are preliminary and may be revised next month, < > : weight for 2023

-7-
 4. Total Output Price Indexes(Time Series)
(2015=100)
Total Index <1000> Agricultural,
Manufacturing
Period-on- Year-on- Foresty & Marine Services
Year & Month Goods
Index Period Year Products <298.790>
<618.016>
Change(%) Change(%) <27.493>

2012 108.64 0.1 - 104.53 114.04 97.11

2013 106.26 -2.2 - 97.67 110.19 97.37
2014 104.39 -1.8 - 97.82 106.50 98.80
2015 100.00 -4.2 - 100.00 100.00 100.00
2016 97.70 -2.3 - 105.96 96.37 101.02
2017 101.72 4.1 - 112.83 101.45 102.45
2018 103.47 1.7 - 116.70 103.36 103.92
2019 102.83 -0.6 - 114.20 101.61 105.19
2020 101.23 -1.6 - 124.74 97.94 106.60
2021 109.34 8.0 - 134.76 109.39 109.07
2022p 120.92 10.6 - 136.64 124.80 112.47
2020. 1 102.42 0.0 0.2 121.84 100.01 106.19
2 102.54 0.1 0.3 118.23 100.31 106.24
3 101.71 -0.8 -0.9 119.62 99.10 105.88
4 100.56 -1.1 -2.4 119.68 97.21 105.97
5 100.39 -0.2 -3.3 122.83 96.78 106.06
6 100.83 0.4 -2.1 120.94 97.39 106.43
7 101.00 0.2 -1.8 125.30 97.61 106.84
8 101.35 0.3 -2.0 132.78 97.70 107.16
9 101.50 0.1 -1.7 139.03 97.73 107.00
10 100.69 -0.8 -1.9 125.91 96.99 107.05
11 100.53 -0.2 -1.5 123.97 96.81 107.06
12 101.21 0.7 -1.2 126.73 97.65 107.27
2021. 1 102.59 1.4 0.2 134.56 99.30 107.96
2 103.98 1.4 1.4 138.63 101.26 108.13
3 105.68 1.6 3.9 138.53 103.89 108.25
4 107.07 1.3 6.5 134.58 106.05 108.64
5 108.01 0.9 7.6 133.05 107.66 108.72
6 108.87 0.8 8.0 133.51 108.89 108.90
7 110.62 1.6 9.5 135.95 111.46 109.33
8 111.44 0.7 10.0 136.79 112.54 109.62
9 112.13 0.6 10.5 135.78 113.53 109.61
10 113.57 1.3 12.8 129.59 115.87 109.69
11 114.18 0.5 13.6 131.41 116.53 109.86
12 113.93 -0.2 12.6 134.79 115.72 110.14
2022. 1 114.93 0.9 12.0 137.22 116.69 110.85
2 115.84 0.8 11.4 130.38 118.45 110.85
3 118.66 2.4 12.3 130.77 122.88 111.17
4 120.78 1.8 12.8 133.37 125.51 111.73
5 122.50 1.4 13.4 135.42 128.16 112.17
6 123.33 0.7 13.3 136.46 129.33 112.43
7 123.32 0.0 11.5 141.99 128.33 113.17
8 122.41 -0.7 9.8 145.47 126.17 113.51
9 123.32 0.7 10.0 145.63 127.57 113.25
10 124.17 0.7 9.3 135.13 128.48 113.42
11 121.98 -1.8 6.8 130.85 125.05 113.44
12 119.75 -1.8 5.1 136.96 121.01 113.62

2023. 1p 119.03 -0.6 3.6 137.74 119.09 114.15

The Indexes are preliminary and may be revised next month, < > : weight for 2023

-8-
(Appendix 1)

1. How the Producer Price Index is Compiled

1. Definition and Use

― The Producer Price Index (PPI) measures changes in the price of goods
and services produced and transacted in the domestic market. The index
is used to measure business trend indicators, deflators, etc.

2. Frequency

― The prices of goods and services are surveyed once a month.

3. Prices Surveyed: basic prices

4. Items Subject to Survey

― For goods and services, the transaction amounts in the domestic market of
only those items accounting for more than 1/10,000 of the total
transaction amount and more than 1/2,000 of the total transaction amount
respectively, and those that represent price fluctuations of items under the
same classification are surveyed.

― Items marked without comparable price quotations for considerable period,

e.g., ships, weapons, aircraft, works of art, etc., are excluded.

5. Method of Compilation

― Groups
ㅇ Basic Groups -- The main five categories are: Agricultural, forestry &
marine products; Mining products; Manufacturing products; Electric
power, gas, water & waste; and, Services.

ㅇ Specialized Groups -- Ten indexes fall under this classification:

Foods/Excluding-foods; Fresh foods/Excluding fresh foods; Energy/
Excluding energy; IT/Excluding IT; Excluding foods & energy; and,
Excluding fresh foods & energy.

- 9 -
 ― Weight: Weight is the ratio in permillage that shows how much the
domestic transaction value of a selected item and its similar ones
accounts for the universe of possibilities. It represents the
importance of each item in the overall index.

Number of Items and Weight of Each PPI Category (as of 2023)

Category No. of items Weight

Total Index 894 1,000.0
Goods 789 615.4
Agricultural, forestry & marine products 70 34.3
Mining products 6 2.0
Basic
Manufacturing products 699 509.4
Electric power, gas, water & waste 14 69.7
Services 105 384.6
Foods 151 70.6
Excluding foods 743 929.4
Fresh foods 45 13.6
Excluding fresh foods 849 986.4
Speciali- Energy 20 88.5
zed Excluding energy 874 911.5
Information Technology 72 97.2
Excluding information technology 822 902.8
Excluding foods & energy 723 840.9
Excluding fresh foods & energy 829 897.9

― Formula: A chain-weighted formula is used.

― Quality Adjustment Method: Methods such as production cost, direct
comparison, overlapping, and imputation are generally employed to adjust
for quality. The Hedonic regression method is applied to products such as
PCs, for example, whose qualities are quantifiable by objective numeric
values.

6. Notes on Statistical Use

― The purpose of the PPI is to measure changes in the price, not to present
absolute price levels.

― Prices of agricultural, forestry & marine products are bidding prices in

wholesale markets rather than those at which farmers or fishers sell their
products.

― The PPI may be compared with the Consumer Price Index (CPI), but
should not be used to measure margins at the stages of producer and
retail sales.

- 10 -
 2. How the Domestic Supply Price Index is Compiled

1. Definition and Use

― The Domestic Supply Price Index measures changes in the price of goods
and services supplied to the domestic market by the stages of processing.

2. Method of Compilation

― The Index aggregates and reclassifies the items in the Producer Price
Index and Import Price Index.

― When the items in the Import Price Index are compiled by the prices at
the contract point, are used for compilation of the Domestic Supply Price
Index, they are adjusted by the time gaps between the contract point and
the customs clearance point.

Weight of Each Domestic Supply Price Index Category (as of 2023)

Category Weight
Domestic Supply Price Index 1,000.000
Raw materials 93.831
Intermediate goods and services 577.374
Final goods and services 328.795

3. Notes on statistical use

― The final goods and services index seems to move similarly with the
Consumer Price Index. The PPI, however, would show different
movement patterns because it includes capital equipment that the CPI
does not cover.

― The Import Price Index adjusted by the customs clearance time is different
from the Import Price Index compiled by the contract prices.

Coverage of Each Index

Producer Price Index Import Price Index Export Price Index

Goods produced and
Goods transacted in the Imported goods Exported goods
domestic market
Services produced
Services and transacted in the Domestic Supply Price Index
domestic market

- 11 -
 3. How the Total Output Price Index is Compiled

1. Definition and Use

― The Total Output Price Index measures changes in the price of goods and
services produced by domestic producers.

2. Method of Compilation

― The Total Output Price Index aggregates and reclassifies the items in the
Producer Price Index and Export Price Index.

― The Export Price Index is compiled from the prices set by a contract
between two parties, and customs clearance time should be considered and
reflected in the index.

Weight of Each Total Output Price Index Category (as of 2023)

Category Weight
Total Output Price Index 1,000.000
Agricultural, forestry & marine products 27.493
Manufacturing products 618.016

3. Notes on Statistical Use

― The Export Price index is adjusted by the customs procedure time and is
different from the Export Price Index compiled by the contract prices.

Coverage of each Index

Producer Price Index Export Price Index Import Price Index

Goods produced and
Goods transacted in the Exported goods Imported goods
domestic market
Services produced
Services and transacted in the Total Output Price Index
domestic market

- 12 -
(Appendix 2)

Release date of Producer Price Index during 2023

Statistics Date

Producer Price Index during December 2022 January 20

Producer Price Index during January 2023 February 23

Producer Price Index during February 2023 March 21

Producer Price Index during March 2023 April 21

Producer Price Index during April 2023 May 25

Producer Price Index during May 2023 June 21

Producer Price Index during June 2023 July 21

Producer Price Index during July 2023 August 24

Producer Price Index during August 2023 September 20

Producer Price Index during September 2023 October 24

Producer Price Index during October 2023 November 21

Producer Price Index during November 2023 December 21

Note : Embargoed for release until the evening paper of the relevant dates of release.
(However, news agencies, broadcasting companies and internet-based media are embargoed for
publication until 06:00 am of the release date.)

- 13 -