Loading...
See More

Producer price inflation eases

May 30 2013 14:37 Sapa

(Pic: Shutterstock)

Related Articles

Stats SA to makes changes to CPI, PPI

PPI remains unchanged

PPI data postponed to March 5

Producer inflation up 5.8% in January

PPI at 5.7% in March

Producer inflation drops to 4.2%

 

Cape Town - Producer price inflation eased to 5.4% in April, Statistics SA said on Thursday.

The annual percentage change in the PPI for final manufactured goods (headline PPI) was 5.4% in April 2013, compared with 5.7% in March 2013, Stats SA's latest figures showed.

From March 2013 to April 2013 the PPI for final manufactured goods increased by 0.4%.

The main contributors to the annual rate of 5.4% were food products, beverages, and tobacco products (6.1 percent year-on-year and contributing 2.0 percentage points), and coke, petroleum, chemical, rubber, and plastic products (5.8% year-on-year and contributing 1.0 percentage points).

The main contributors to the monthly increase of 0.4% were food products, beverages, and tobacco products (0.7% month-on-month and contributing 0.2 of a percentage point), and metals, machinery, equipment, and computing equipment (1.0 percent month-on-month and contributing 0.2 of a percentage point), Stats SA said.

Investec economist Annabel Bishop said PPI inflation came out lower than expected because of intermediate manufactured goods and mining.

"We continue to expect no interest rate cuts this year unless the rand strengthens markedly," she said.

"Recent substantial rand weakness will push up future inflation in SA, extending the time period taken for consumer price index inflation to return to the inflation target range."

The PPI measures the cost of a basket of goods needed by a typical commodity producer and measures inflation at factories, mines, and farms.

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

statssa  |  producer price inflation
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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Money Clinic

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