Loading...

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

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com 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
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about...

Calling all social entrepreneurs - apply for The Venture now!

Are you running an innovative social business that's helping to create a better future? Then pitch for a share of The Venture’s $1m fund and receive world-class mentorship to help accelerate your business growth.
 

Money Clinic

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

Voting Booth

New SAA board now has an aviation expert

Previous results · Suggest a vote

Loading...