South Korea's PPI fell for the sixth straight month in October declining 3.1% from a year earlier compared with a previous decline by 2.6%. Since the beginning of the global recession, demand for energy, raw materials and primary goods declined sharply the led to a drop in commodity prices.

Today's report showed that electricity, water and gas prices rose 9.4%, while services costs gained 0.4% and the cost of agriculture, forestry and fisheries products inclined 0.1%. On the other hand, industrial goods prices fell 5.4%.