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SEOUL, Nov 9 (Reuters) - South Korean producer prices in October fell for a sixth consecutive month over a year earlier and by the fastest annual pace in three months, data showed on Monday, giving the central bank room to keep interest rates low. The producer price index in October fell 3.1 percent from a year earlier, the fastest annual pace since July and steeper than a 2.6 percent drop in September, the Bank of Korea said. The index fell 0.8 percent in October from the previous month, reversing a 0.1 percent rise in September, it said. Percentage changes in South Korea's producer price index (seasonally unadjusted): Oct Sept Aug Oct Sept Aug (vs month before) (vs yr earlier) PPI -0.8 0.1 0.5 -3.1 -2.6 -3.0 Major categories: Agriculture, fisheries, -7.0 -4.1 -2.9 0.1 6.1 6.0 forestry products Industrial goods -0.8 0.4 1.0 -5.4 -4.9 -5.6 Electricity, tap water 0.5 0.0 0.1 9.4 10.0 10.0 gas Services 0.0 0.1 0.2 0.4 0.1 -0.1 NOTE: Industrial goods, which include petrochemicals, textiles and electronics, have a 64.5 percent weighting in the overall index, compared with 26.4 percent for service charges and 4.4 percent for farm and fisheries products. (Reporting by Seo Eun-kyung; Editing by Jonathan Hopfner) ((eunkyung.seo@thomsonreuters.com;+822 3704 5648; Reuters Messaging:eunkyung.seo.reuters.com@reuters.net)) Keywords: KOREA ECONOMY/PPI (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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