Producer prices in South Africa increased 2.4 percent from a year earlier in August of 2020, following a 1.9 percent rise in the prior month and beating market expectations of a 2.1 percent gain. It ws the highest producer inflation since March, boosted by prices of transport equipment (8.1 percent vs 8.3 percent in July); food products (4.2 percent vs 3.7 percent); tobacco products (5.6 percent vs 5.1 percent) and paper & printed products (3.7 percent vs 3.3 percent). Meantime, costs decreased less for coke, petroleum, chemical, rubber and plastic products (-1.9 percent vs -2.5 percent) and non-metallic mineral products (-1.3 percent vs -2.8 percent). On a monthly basis, producer prices inched up 0.7 percent, following a 1.2 percent increase in July and above market consensus of a 0.45 percent rise. source: Statistics South Africa
Producer Prices Change in South Africa averaged 5.25 percent from 2013 until 2020, reaching an all time high of 8.80 percent in April of 2014 and a record low of 0.40 percent in May of 2020. This page provides the latest reported value for - South Africa Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Producer Prices Change in South Africa is expected to be 3.00 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 1.60 in 12 months time. In the long-term, the South Africa Producer Prices Change is projected to trend around 3.10 percent in 2021 and 3.50 percent in 2022, according to our econometric models.