Producer prices in South Africa increased 2.3 percent year-on-year in November 2019, easing from a 3 percent rise in the previous month and below market expectations of 2.8 percent. It was the lowest producer inflation since series began in January 2013. Prices continued to fall for both intermediate manufactured goods (-1.1 percent vs -0.6 percent in October) and agriculture, forestry and fishing (-1.1 percent vs -1.6 percent). On the other hand, prices rose faster for mining and quarrying (20.8 percent vs 17.7 percent) while inflation was steady for electricity and water (at 13.4 percent). On a monthly basis, producer prices edged down 0.3 percent, after a 0.3 percent increase in October. Producer Prices Change in South Africa averaged 5.63 percent from 2013 until 2019, reaching an all time high of 8.80 percent in April of 2014 and a record low of 2.30 percent in November of 2019. source: Statistics South Africa

Producer Prices Change in South Africa is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in South Africa to stand at 4.30 in 12 months time. In the long-term, the South Africa Producer Prices Change is projected to trend around 4.50 percent in 2020, according to our econometric models.

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South Africa Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
2.30 3.00 8.80 2.30 2013 - 2019 percent Monthly
2012=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-09-26 09:30 AM Aug 4.5% 4.9% 5.4% 5.6%
2019-10-31 09:30 AM Sep 4.1% 4.5% 4.3% 4.3%
2019-11-28 09:30 AM Oct 3% 4.1% 3.1% 4.4%
2019-12-12 09:30 AM Nov 2.3% 3% 2.8% 2.9%
2020-01-30 09:30 AM Dec 2.3% 3.35% 2.8%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-11-28
South Africa Producer Inflation at 4-1/2-Year Low
Producer prices in South Africa rose 3 percent year-on-year in October 2019, slowing from a 4.1 percent gain in the previous month and below market expectations of a 3.1 percent increase. It was the lowest producer inflation rate since April 2015, as cost of coke, petroleum, chemical, rubber & plastic products dropped (-0.4 percent vs 2.8 percent in September), in particular petrol (-6.5 percent vs -0.6 percent). Also, prices eased for food, beverages & tobacco (3.8 percent vs 4 percent); paper & printed products (5.8 percent vs 8 percent); and electrical machinery, communication & metering equipment (2.5 percent vs 2.8 percent). Meanwhile, cost advanced further for transport equipment (3.7 percent vs 3 percent) and non-metallic-mineral products (8.6 percent vs 8 percent). On a monthly basis, producer prices went up 0.3 percent, after a 0.2 percent gain in the prior month and below forecasts of a 0.4 percent rise.

2019-10-31
South Africa Producer Inflation at 8-Month Low
Producer prices in South Africa increased 4.1 percent from a year ago in September 2019, following a 4.5 percent rise in August and below market expectations of a 4.3 percent gain. It was the lowest producer inflation since January, as prices continued to slow for coke, petroleum, chemical, rubber & plastic products (2.8% vs 3.3% in August), namely petrol (-0.6% vs -1.3%); transport equipment (3% vs 3.9%) and food, beverages & tobacco (4% vs 4.6%). In contrast, cost advanced faster for paper & printed products (8% vs 7.8%); non-metallic-mineral products (8% vs 7.5%) and electrical machinery, communication & metering equipment (2.8% vs 2.5%). On a monthly basis, producer prices went up 0.2 percent, after increasing 0.3 percent in the prior month and against market expectations of a 0.4 percent rise.

2019-09-26
South Africa Producer Inflation at 7-Month Low
Producer prices in South Africa increased 4.5 percent from a year ago in August 2019, easing further from a 4.9 percent rise in July and below market expectations of a 5.4 percent gain. This was the lowest producer inflation since January, amid slowing prices of coke, petroleum, chemical, rubber & plastic products (3.3% vs 4% in July), due to diesel (-1.1% vs -0.4%) and petrol (-1.3% vs -2.0%); transport equipment (3.9% vs 4.3%); food, beverages & tobacco (4.6% vs 5.1%) and paper and printed products (7.8% vs 8.4%). In contrast, cost rose further for textiles, clothing & footwear (4% vs 3.9%); non-metallic-mineral products (7.5% vs 6.9%); and electrical machinery, communication & metering equipment (2.5% vs 1.9%). On a monthly basis, producer prices went up 0.3 percent, after decreasing 0.2 percent in the prior month and slightly above market expectations of a 0.2 percent rise.

2019-08-29
South Africa Producer Inflation Hits 5-Month Low
Producer prices in South Africa increased 4.9 percent from a year earlier in July, easing markedly from a 5.8 percent rise in June and below market expectations of a 5.4 percent gain. That was the lowest producer inflation since February, mainly due to coke, petroleum, chemical, rubber & plastic products (4.0% vs 8.3% in June), on lower fuel prices. Cost also slowed for textiles, clothing & footwear (3.9% vs 4.6%) and transport equipment (4.3% vs 5.1%). In contrast, prices rose faster for food, beverages & tobacco (5.1% vs 4.8%); paper & printed products (8.4% vs 7.3%); non-metallic-mineral products (6.9% vs 6.2%); electrical machinery, communication & metering equipment (1.9% vs 0.9%) and furniture (5.9% vs 5.8%). On a monthly basis, producer prices dropped 0.2 percent, after increasing 0.4 percent in the prior month and against market estimates of a 0.2 percent gain.

2019-07-25
South Africa June Producer Inflation Rate Slows to 5.8%
Producer prices in South Africa increased 5.8 percent year-on-year in June, easing from a 6.4 percent gain in May and matching market expectations. Cost slowed for coke, petroleum, chemical, rubber & plastic products (8.3 percent vs 10.7 percent in May); metals, machinery & computer equipment (5.4 percent vs 5.7 percent); transport equipment (5.1 percent vs 6.5 percent); electrical machinery & communication (0.9 percent vs 1.7 percent); and non-metallic mineral products (6.2 percent vs 6.8 percent). Meanwhile, prices advanced further for food, beverages & tobacco (4.8 percent vs 4.5 percent); textiles, clothing & footwear (4.6 percent vs 4.2 percent); and furnishings (5.8 percent vs 4.7 percent). Also, inflation was steady for paper & printed products (at 7.3 percent). On a monthly basis, producer prices rose 0.4 percent, after a 0.5 percent increase in the prior month and in line with market consensus.

2019-06-27
South Africa Producer Inflation Edges Down to 6.4%
Producer prices in South Africa increased 6.4 percent year-on-year in May 2019, compared to a 6.5 percent rise in the prior month and market expectations of a 6.3 percent gain. Prices slowed for coke, petroleum, chemical, rubber & plastic products (10.7% vs 11.7% in April); metals, machinery & computer equipment (5.7% vs 6%) and paper & printed products (7.3% vs 7.5%). Meantime, cost advanced at the same pace for food, beverages & tobacco (4.5%) and textiles, clothing & footwear (4.2%). In contrast, prices rose faster for transport equipment (6.5% vs 6.3%); non-metallic mineral products (6.8% vs 4.4%); electrical machinery & communication (1.7% vs 1.4%) and furnishings (4.7% vs 3.1%). On a monthly basis, producer prices went up 0.5 percent, easing from a 1.3 percent rise in April and matching market consensus, mainly led by coke, petroleum, chemical, rubber & plastic products (1.3% vs 3.7%).


South Africa Producer Prices Change
In South Africa, Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 3.60 3.70 20.70 0.20 percent [+]
Inflation Rate Mom 0.10 0.00 6.70 -0.70 percent [+]
Consumer Price Index CPI 113.50 113.40 113.50 1.20 points [+]
Core Consumer Prices 112.70 112.60 112.70 63.30 points [+]
Core Inflation Rate 3.90 4.00 8.30 2.90 percent [+]
Producer Prices 114.30 114.60 219.40 4.10 points [+]
Producer Prices Change 2.30 3.00 8.80 2.30 percent [+]
Export Prices 170.00 166.50 170.00 0.60 points [+]
Import Prices 155.60 155.80 156.60 1.20 points [+]
Food Inflation 3.50 3.60 15.60 0.60 percent [+]
Inflation Expectations 5.00 5.04 8.72 3.90 Percent [+]
CPI Housing Utilities 114.70 114.70 114.70 56.80 points [+]
CPI Transportation 115.70 115.70 116.90 81.70 points [+]