South Korea's producer prices fell for the seventh straight month in November due to a stronger local currency, the central bank said Wednesday. According to the Bank of Korea (BOK), the producer price index, a barometer of future consumer inflation, marked an on-year decline of 0.4 percent in November. The index dropped at the slowest pace in seven months compared with the sharpest deceleration rate of a 3.1 percent on-year drop tallied a month earlier. Meanwhile, the monthly rise in producer prices stood at 0.4 percent during the cited period, reversing its 0.8 percent decrease in October. The BOK attributed the steady fall in producer prices to a strengthened South Korean won which has made imported goods cheaper here. The data came as the central bank is widely speculated to freeze its key policy rate at a record low of 2 percent when its rate- setting committee meets on Thursday. 