Producer prices in South Africa went up 1.2% from a year earlier in April of 2020, following a 3.3% rise in the prior month and below market expectations of a 1.95% gain. That was the lowest producer inflation since available records began in January of 2013, due to a slump in prices of coke, petroleum, chemical, rubber & plastic products (-5.3% vs 2.2% in March), namely fuels such as petrol (-16.3%) and diesel (-14.9%) amid falling oil prices prompted by the coronavirus crisis. Costs also decreased for non-metallic mineral products (-3.2% vs 3.3%) and metals, machinery, equipment & computing equipment (-0.2% vs 4.5%). Meantime, inflation slowed markedly for tobacco products (3.4% vs 9.6%), as South African authorities banned the sales of those products as part of Covid-19 lockdown restrictions. On a monthly basis, producer prices decreased 0.7%, after rising 0.1% in March and compared with market consensus of a 0.05% increase.

Producer Prices Change in South Africa averaged 5.43 percent from 2013 until 2020, reaching an all time high of 8.80 percent in April of 2014 and a record low of 1.20 percent in April 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 July of 2020. source: Statistics South Africa

Producer Prices Change in South Africa is expected to be 4.20 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 4.10 in 12 months time. In the long-term, the South Africa Producer Prices Change is projected to trend around 4.30 percent in 2021 and 4.50 percent in 2022, according to our econometric models.

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South Africa Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
1.20 3.30 8.80 1.20 2013 - 2020 percent Monthly
2012=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-27 09:30 AM Jan 4.6% 3.4% 4.35% 4.2%
2020-03-26 09:30 AM Feb 4.5% 4.6% 4.4% 4.4%
2020-05-28 09:30 AM Mar 3.3% 4.5% 3.4% 3.7%
2020-06-25 09:30 AM Apr 1.2% 3.3% 1.95% 2.1%
2020-07-16 09:30 AM May 1.2% 1%
2020-07-30 09:30 AM Jun 1.6%
2020-08-27 09:30 AM Jul 2%
2020-09-28 09:30 AM Aug


News Stream
South Africa April Producer Inflation Lowest since 2013
Producer prices in South Africa went up 1.2% from a year earlier in April of 2020, following a 3.3% rise in the prior month and below market expectations of a 1.95% gain. That was the lowest producer inflation since available records began in January of 2013, due to a slump in prices of coke, petroleum, chemical, rubber & plastic products (-5.3% vs 2.2% in March), namely fuels such as petrol (-16.3%) and diesel (-14.9%) amid falling oil prices prompted by the coronavirus crisis. Costs also decreased for non-metallic mineral products (-3.2% vs 3.3%) and metals, machinery, equipment & computing equipment (-0.2% vs 4.5%). Meantime, inflation slowed markedly for tobacco products (3.4% vs 9.6%), as South African authorities banned the sales of those products as part of Covid-19 lockdown restrictions. On a monthly basis, producer prices decreased 0.7%, after rising 0.1% in March and compared with market consensus of a 0.05% increase.
2020-06-25
South Africa March Producer Inflation at 4-Month Low
Producer prices in South Africa increased 3.3 percent from a year earlier in March of 2020, after rising 4.5 percent in the previous month and slightly below market expectations of a 3.4 percent gain. Prices advanced at a softer pace primarily for coke, petroleum, chemical, rubber & plastic products (2.2 percent vs 6.8 percent in February) and food, beverages & tobacco (2.6 percent vs 3.7 percent). On a monthly basis, producer prices went up 0.1 percent, following a 0.3 percent increase in the preceding month and below market expectations of a 0.3 percent rise.
2020-05-28
South Africa Producer Inflation Slows to 4.5% in February
Producer prices in South Africa rose 4.5 percent year-on-year in February 2020, easing from a 4.6 percent gain in the previous month but slightly above market expectations of a 4.4 percent increase. Cost slowed for paper & printed products (3 percent vs 3.1 percent in January); electrical machinery, communication & metering equipment (0.9 percent vs 1 percent); and non-metallic-mineral products (4.3 percent vs 8 percent). On the other hand, prices advanced further for metals, machinery, equipment and computing equipment (4.4 percent vs 4.1 percent); transport equipment (6 percent vs 5 percent); and textiles, clothing and footwear (3.3 percent vs 3.2 percent). In addition, inflation was steady for food, beverages & tobacco (at 3.7 percent); and coke, petroleum, chemical, rubber & plastic products (at 6.8 percent). On a monthly basis, producer prices went up 0.3 percent, the same as in January.
2020-03-26
South Africa Producer Inflation Rate at 6-Month High
Producer prices in South Africa increased 4.6 percent year-on-year in January 2020, following a 3.4 percent rise in December and above market expectations of a 4.35 percent gain. It was the highest producer inflation rate since July last year, as prices rose further for food, beverages & tobacco (3.7 percent vs 3.2 percent in December); coke, petroleum, chemical, rubber & plastic products rebounded (6.8 percent vs 2.4 percent) namely petrol (16.1 percent vs 6.7 percent); metals, machinery, equipment and computing equipment (4.1 percent vs 3.9 percent); transport equipment (5 percent vs 4.1 percent); and non-metallic-mineral products (8 percent vs 7.7 percent). Meanwhile, cost slowed for paper & printed products (3.1 percent vs 4.4 percent); textiles, clothing and footwear (3.2 percent vs 3.8 percent); and electrical machinery, communication & metering equipment (1 percent vs 2.4 percent). On a monthly basis, producer prices went up 0.3 percent, after increasing 0.2 percent in December.
2020-02-27

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.