The annual producer price inflation in South Africa slowed to 8.6% in April 2023 from 10.6% in the previous month and less than market expectations of 9.5%. It marked the lowest reading since October 2021, due to the further slowdown in costs for most manufactured goods, particularly for coke, petroleum, chemical, rubber, and plastic products (6% vs 12.2% in March), transport equipment (13.8% vs 14.5%) and metals, machinery, equipment & computing equipment (6.9% vs 9.2%). On a monthly basis, producer prices stalled, following a 1% advance in March and compared to market estimates of a 0.5% rise. source: Statistics South Africa
Producer Prices Change in South Africa averaged 6.52 percent from 2013 until 2023, reaching an all time high of 18.00 percent in July of 2022 and a record low of 0.30 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 May of 2023.
Producer Prices Change in South Africa is expected to be 9.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.