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Producer inflation slows to 8.1%

Johannesburg - Producer inflation slowed to 8.1% year-on-year in June from 8.7% in May, Statistics South Africa said on Thursday.

Economists polled by Reuters had forecast PPI would only slow to 8.4% year-on-year.

On a month-on-month basis, factory gate prices rose by 0.3% in June from 0.2% in May, against market expectations for 0.5%.

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

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