Producer prices in South Africa rose 3 percent from a year earlier in November of 2020, up from 2.7 percent in the previous month. It was the highest producer inflation since March, mainly due to rising prices of food, beverages and tobacco products (6 percent vs 5.1 percent in October) and transport equipment (8 percent vs 8.5 percent). On a monthly basis, producer prices were flat, following a 0.4 percent increase in the prior month. source: Statistics South Africa
Producer Prices Change in South Africa averaged 5.17 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 January of 2021.
Producer Prices Change in South Africa is expected to be 2.70 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 3.50 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.