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.

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South Africa Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2023-04-26 09:30 AM Mar 10.6% 12.2% 10.95% 11.5%
2023-05-25 09:30 AM Apr 8.6% 10.6% 9.5% 10.0%
2023-06-29 09:30 AM May 8.6%


Related Last Previous Unit Reference
Inflation Rate 6.80 7.10 percent Apr 2023
Inflation Rate MoM 0.40 1.00 percent Apr 2023
Consumer Price Index CPI 109.40 109.00 points Apr 2023
Core Consumer Prices 107.30 106.80 points Apr 2023
Core Inflation Rate 5.30 5.20 percent Apr 2023
Producer Prices 127.20 127.20 points Apr 2023
Producer Prices Change 8.60 10.60 percent Apr 2023
Food Inflation 13.90 14.00 percent Apr 2023
CPI Transportation 113.10 112.90 points Apr 2023
CPI Housing Utilities 104.60 104.50 points Apr 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
8.60 10.60 18.00 0.30 2013 - 2023 percent Monthly
2020=100, NSA

News Stream
South Africa Producer Inflation Lowest in 18 Months
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.
2023-05-25
South Africa Producer Inflation Softens to Over 1-Year Low
Producer price inflation in South Africa eased to 10.6% year-on-year in March 2023 from 12.2% in the prior month and below market forecasts of 10.95%. It was the lowest reading since February 2022, mainly due to slower increases in prices of coke, petroleum, chemical, rubber and plastic products (12.2% vs 16.9% in February); transport equipment (10.5% vs 14.5%) and food products, beverages and tobacco products (8.1% vs 9.6%). On a monthly basis, producer prices inched up by 1% in March, the most in eight months, but slightly below market estimates of a 1.4% increase.
2023-04-26
South Africa Producer Inflation Continues to Slow
Producer prices in South Africa increased 12.2% year-on-year in February of 2023, the least since March last year, compared to a 12.7% rise in January, and below market forecasts of 12.3%. The main contributors to the rise in the PPI remained coke, petroleum, chemical, rubber and plastic products (16.9% vs 19.6% in January); food products, beverages and tobacco products (9.8% vs 10.1%); metals, machinery, equipment and computing equipment (10.1% vs 10.7%); paper and printed products (16.5%); and transport equipment (10.5% vs 9%). Compared to the previous month, the PPI went up 0.6%.
2023-03-30