Prices at the factory gate shot up in October to 4.2%, mostly because of higher costs for food, alcohol and tobacco products. Statistics SA said on Thursday that October's annual percentage change in the producer price index (PPI) was 4.2%, up from 3.6% in September. From September 2015 to October 2015 the PPI for final manufactured goods increased by 0.9%. The PPI impacts on the consumer price index (CPI) and thus inflation, and this increase will likely be felt by consumers. The CPI … [Read more...] about Producer inflation rises to 4.2%
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PPI at 5.8% in January
South Africa's new headline producer Price Inflation was at 5.8% in January, Statistics South Africa (Stats SA) said on Tuesday. "The annual percentage change in the Producer Price Index (PPI) for final manufactured goods was 5.8% in January 2013. From December 2012 to January 2013 the PPI for final manufactured goods increased by 0.5%," said Stats SA. The January number slowed to 5.8% from a recalculated 6.3% in December 2012. The January 2013 release is the first one to feature five … [Read more...] about PPI at 5.8% in January
PPI slows to 5.4% in July
The Producer Price Index (PPI) slowed to 5.4% in July from 6.6% in June, Statistics South Africa (Stats SA) said on Thursday. Stats SA said the lower PPI - which is the price of goods leaving factories and mines - could be attributed to decreases in the electricity price that decreased from 19.6% in June to 14.5% in July; while mining and quarrying decreased from 6.9% in June to 3.8% in July. Coal decreased from 7.7% to 5.6%. From June 2012 to July 2012 the PPI for domestic output … [Read more...] about PPI slows to 5.4% in July
PPI unchanged at 6.6%
The Producer Price Index remained unchanged at 6.6% in May, Statistics South Africa (Stats SA) said on Thursday. In April, the PPI - or price of goods leaving factories and mines - was at 6.6%. "From April 2012 to May 2012, the PPI for domestic output increased by 0.5%," said Stats SA. This was due to the increase in electricity prices, mining and quarrying among others while prices of agricultural goods fell by 0.1% over the month. Market expectation was that it would ease to 6.4% … [Read more...] about PPI unchanged at 6.6%
April PPI falls to 6.6%
The Producer Price Index (PPI) eased to 6.6% in April, Statistics South Africa (Stats SA) said on Thursday. In March PPI, which is the price of goods leaving factories and mines, eased to 7.2%. Market consensus was that it would come in at 6.9%. Over the month, the PPI increased by 0.3%. Economists expect producer inflation to moderate further over the year as the base effect lessens and softer global demand contains the rise in prices of some commodities. "However, upside risks … [Read more...] about April PPI falls to 6.6%
PPI Slows to 9.8%
The Producer Price Index (PPI) slowed to 9.8% year-on-year in December, Statistics South Africa (Stats SA) said on Thursday. "This rate is 0.3 of a percentage point lower than the corresponding annual rate of 10.1% in November 2011," said Stats SA. PPI - which is the price of goods leaving factories and mines - was expected to have eased to 10.0 % year-on-year. Stats SA attributed the lower rate to decreases in mining and quarrying, electrical machinery and apparatus components, among … [Read more...] about PPI Slows to 9.8%
PPI at 10.1% in November
The Producer Price Index (PPI) slowed to 10.1% in November, Statistics South Africa (Stats SA) said on Thursday. Analysts had expected it to come in at 10.6% year-on-year. "This rate is 0.5 of a percentage point lower than the corresponding annual rate of 10.6% in October 2011," said Stats SA. It attributed the reduction to decreases in mining and quarrying and electricity. "These decreases were partially counteracted by increases in the annual rate of change for products of … [Read more...] about PPI at 10.1% in November
PPI rises by 9.6% in August
The Producer Price Index (PPI) increased by 9.6% in August, according to Statistics South Africa (Stats SA). "This rate is 0.7 of a percentage point higher than the corresponding annual rate of +8.9% in July 2011," said Stats SA on Thursday. The market had expected it to increase to 9% in August. The increase could be attributed to increases in the electricity price, mining and quarrying, products of petroleum and coal, agriculture, other manufacturers as well as electrical machinery … [Read more...] about PPI rises by 9.6% in August
PPI Rises to 7.4% in June
The Producer Price Index (PPI) in June rose to 7.4 percent, Statistics South Africa (Stats SA) said on Thursday. "This rate is 0.5 of a percentage point higher than the corresponding annual rate of 6.9 percent in May 2011," said Stats SA. PPI, which is the price of goods leaving factories as well as mines, rose higher than market expectation. It was expected to rise to 7 percent. The higher annual PPI could be attributable to increases in the annual rate of change in the Producer Price … [Read more...] about PPI Rises to 7.4% in June
April PPI Slows to 6.6%
The Producer Price Index (PPI) in April slowed to 6.6 percent, Statistics South Africa (Stats SA) said on Thursday. "This rate is 0.7 of a percentage point lower than the corresponding annual rate of 7.3 percent in March 2011," Stats SA said of the PPI, which is the price of goods leaving factories as well as mines. The lower rate, said Stats SA, could be due to decreases in the annual rate of change in mining and quarrying, basic metals, other manufactures, beverages and non-metallic … [Read more...] about April PPI Slows to 6.6%
March PPI Up
The Producer Price Index (PPI) in March rose to 7.3 percent in line with market expectation. "The annual percentage change in the PPI was 7.3 percent in March 2011. This rate is 0.6 of a percentage point higher than the corresponding annual rate of 6.7 percent in February 2011," Statistics South Africa (Stats SA) said on Thursday. Driven mainly by higher commodity as well as chemical prices, producer inflation rose by 0.9 percent over the month of March. "However, food prices remain … [Read more...] about March PPI Up
February PPI up to 6.7%
The Producer Price Index (PPI) in February increased more than expected in February, rising to 6.7 percent. Statistics South Africa said on Thursday that PPI, which is the prices of goods leaving factories and mines, rose to 6.7 percent from 5.5 percent in January. The higher annual rate could be explained by increases in the annual rate of change in the PPI for mining and quarrying, basic metals, products of petroleum and coal, agriculture, manufacturing, food, beverages and electrical … [Read more...] about February PPI up to 6.7%
January PPI Down 0.3 Percent
The Producer Price Index (PPI) eased to 5.5 percent in January, Statistics South Africa (Stats SA) said on Thursday. Producer inflation eased to 5.5 percent from 5.8 percent in December, a figure which Nedbank economists said was slightly above market expectations. In January, prices rose sharply, increasing by 1.1 percent, due to higher commodity prices, with the mining and quarrying category rising by 3.3 percent month on month. The bank said there was risk of further commodity price … [Read more...] about January PPI Down 0.3 Percent
