South Africa PPI Inflation Eases To 5-month Low
South Africa’s producer price inflation moderated in January to the lowest level in five months, Statistics South Africa reported Thursday.
The producer price index rose 2.2 percent year-over-year in January, slower than the 2.9 percent stable increase in December. Further, this was the slowest rate since August last year, when prices had risen 2.1 percent.
The annual price decline in agriculture, forestry, and fishing deepened to 5.8 percent from 5.0 percent. Prices for electricity and water rose at a slightly slower pace of 16.7 percent versus 16.9 percent in December. Meanwhile, costs for intermediate manufactured goods grew at a slightly faster rate of 10.5 percent versus a 10.1 percent rise a month ago.
Month-on-month, producer prices dropped 0.2 percent in January.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
Slide Shows