In partnership with
  • Busting Uber myths

    The ehailing firm is constantly trying, succeeding - and sometimes failing, says Ian Mann.

  • Trapped in a democracy

    The very people elected to bring benefits to all are undermining SA, says Solly Moeng.

  • Marikana spectre

    Five years after the bloody massacre calls for justice are growing louder, says Terry Bell.


PPI slows more than expected

Sep 25 2014 13:12
Reuters, Sapa
Johannesburg - South Africa's producer price inflation (PPI) slowed more than expected to 7.2% year-on-year (y/y) in August, from 8% in July, Statistics SA said on Thursday.

Economists had expected PPI to slow to 7.7% y/y.

On a month-on-month basis PPI was at 0.0% from 0.5% and against market expectations for 0.4%.

Stats SA releases five industry-specific producer price indices, with final manufactured goods representing the headline number.

"The main contributors to the annual rate of 7.2% were food products, beverages and tobacco products," the organisation said in a statement.

The annual percentage change in the PPI for electricity and water was 8.6% in August 2014 - compared with 7.8% in July 2014.

In mining, the annual percentage change in the PPI was 3.6%, compared with 7.8% in July this year.

The annual percentage change in the PPI for agriculture, forestry and fishing was 4.2% in August 2014 compared to the previous month.

Stats SA defines PPI as a measure of the change in the price of goods, either as they leave their place of production or as they enter the production process.

 - Reuters, Sapa

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

ppi  |  sa economy



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're Talking About...

Savings Month

It's never too late to start saving. Visit our special issue and add your voice.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The proposal to nationalise SARB will

Previous results · Suggest a vote