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Data Change: South Korea - PPI - Rebased to 2015
Thursday, 15 Aug 2019 20:34 ET
By Annie Kao
Summary
August 2019 -- For the detailed producer price index for South Korea, concurrent with dissemination of results for April, the source has advanced the base year from 2010 to 2015 and reweighted the basket (249 monthly series 1965 to 2019, replaced by 139 from 1965). We have also synchronized our SA supplement.
Detail

On 21 May, the source wrote (citation):

Rebasing of the Producer Price Index to the Base Year 2015

The Bank of Korea begins to release the 2015 base PPI from May 21, 2019 ("Producer Price Index during April 2019").

In response, we have:

  1. Archived the predecessors (2010=100, 1965m1 to 2019m3) by renaming with an "_10" specifier, marking metadata as discontinued, and segregating in the catalog.
  2. Created one-for-one replacements at the upper levels of granularity, which have an unchanged start date.
  3. We have not replaced the more granular levels or intermediate aggregates.
  4. Replaced our seasonal adjusted (SA) supplement for the all-items index.
  5. Refurbished the catalog.

Dataset properties: 

  • Classification: KSIC Rev. 10, an adaptation of UN ISIC Rev. 4
  • Measurements: Fixed-base value index relative to 2015 (Index 2015=100)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start dates: As early as 1965m1

The active series reside in the historical catalog (South Korea » Price » Producer Price Index » 2015=100) and the predecessors under the associated "discontinued" nodes. They include, for example:

  • PPIAF_10UM.IKOR   = [DISCONTINUED] Producer price index: Basic groups - Agricultural; forestry and marine products, (Index 2010=100, NSA)
  • PPIAFUM.IKOR      = Basic groups - Agricultural; forestry; marine products, (Index 2015=100, NSA)
  • PPISTTT_10UM.IKOR = [DISCONTINUED] By stage of processing - All commodities - Domestic, (Index 2010=100, NSA)
  • PPISTTTUM.IKOR    = Stage of processing - Domestic supply price index, (Index 2015=100, NSA)

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

Please be aware that

Due to low usage, we have pruned our extract to the "upper" or "less granular" levels of detail.

A "producer price index" measures the prices set by producers when selling, either to domestic or export markets. Conversely, the "domestic supply price index" measures the prices paid by domestic producers for inputs, whether domestic and imported.

We have improved the "stage of processing, 2010=100" extract, as follows. If you have a legacy basket or other retrievals, existing references will now return "series not found" errors. You will need to edit the basket to use the amended mnemonics; the basket editor includes a "find and replace" tool.

  1. Renamed: BOKHGD· » PPI·
  2. Corrected the unit-descriptor metadata from 2005 to 2010.

References

Bank of Korea:

ECOS Economic Statistics System:

See also

Other
Related ReleaseProducer Price Indexes
SourceThe Bank of Korea
FrequencyMonthly
GeographyKorea (Republic of) (South)
Catalog
Upcoming
Release DateReference date
20 Mar 2020Feb 2020
22 Apr 2020Mar 2020
21 May 2020Apr 2020
23 Jun 2020May 2020
21 Jul 2020Jun 2020
21 Aug 2020Jul 2020
22 Sep 2020Aug 2020
21 Oct 2020Sep 2020
20 Nov 2020Oct 2020
22 Dec 2020Nov 2020