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Slight uptick in factory gate prices to 4.8%

Jun 29 2017 11:59
South Africa, Johannesburg, Boksburg, Electrical c

South Africa, Johannesburg, Boksburg, Electrical component factory. 22 April 2010. An overview of the work done on the distribution boards for the emergency shafts related to the Gautrain. (Picture supplied)

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Johannesburg - There was a slight uptick in the Producer Price Index (PPI) for May 2017.

According to data released by Statistics South Africa (Stats SA) on Thursday, the PPI was up to 102.1, from 101.6 in April. This is a monthly change in the final manufactured goods by 0.5%.

The annual change in PPI, a gauge of factory-gate prices, was 4.8%. The main contributors to the annual rate were food products, beverages and tobacco products, with 1.9 percentage points. This was followed by coke, petroleum, chemical, rubber and plastic products (1.6 percentage points).

The main contributor to the monthly increase of 0.5% was attributed to coke, petroleum, chemical, rubber and plastic products.

For intermediate manufactured goods, the PPI for May was 3.1%, compared to the 5% reported in April. The monthly change was 0.3%.

The annual change in PPI for electricity and water was at 6.4%, compared to 5.9% reported in April. For the month, the change was 0.6%.

Mining’s annual PPI was -3% in May, this contrasts with the 5.7% reported in April. For the month, the PPI decreased by 4%.

Agriculture, forestry and fishing’s annual PPI was -0.5%, compared to -1.6% in April. There was no change in the index between April and May. 

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