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Johannesburg - South Africa's producer price index (PPI) registered deflation of 1.2% year-on-year (y/y) in November from 3.3% y/y in October, Statistics South Africa (Stats SA) data on Thursday showed.
The PPI increased 0.8% on a monthly basis after October's monthly decrease of 0.1%.
The PPI was expected to have decreased at 1.9% y/y according to a survey of 10 leading economists by I-Net Bridge, with forecasts ranging from -2.7% to -1.0% y/y.
- I-Net Bridge