Producer prices in South Africa were up 7.7% year-on-year in June of 2021, following a 7.4% rise in May and above market forecasts of 7.3%. It is the highest producer inflation since February of 2016, with main upward contribution coming from coke, petroleum, chemical, rubber and plastic products (15%); food products, beverages and tobacco products (6.3%); and metals, machinery, equipment and computing equipment (8.4%). A low base effect from last year is also weighing. In June 2020, producer prices increased by a smaller 0.5%. On a monthly basis, consumer prices were up 0.8%. source: Statistics South Africa

Producer Prices Change in South Africa averaged 5.20 percent from 2013 until 2021, reaching an all time high of 8.70 percent in April of 2014 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 July of 2021.

Producer Prices Change in South Africa is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Producer Prices Change is projected to trend around 5.00 percent in 2022 and 3.80 percent in 2023, according to our econometric models.

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South Africa Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
7.70 7.40 8.70 0.30 2013 - 2021 percent Monthly
2020=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-29 09:30 AM Mar 5.2% 4% 4.7% 4.9%
2021-05-27 09:30 AM Apr 6.7% 5.2% 6.8% 6.4%
2021-06-24 09:30 AM May 7.4% 6.7% 7.3% 7.4%
2021-07-29 09:30 AM Jun 7.7% 7.4% 7.3% 6.9%
2021-08-26 09:30 AM Jul 7.7%
2021-09-30 09:30 AM Aug
2021-10-28 09:30 AM Sep
2021-11-25 09:30 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
South Africa Producer Inflation Edges Up in June
Producer prices in South Africa were up 7.7% year-on-year in June of 2021, following a 7.4% rise in May and above market forecasts of 7.3%. It is the highest producer inflation since February of 2016, with main upward contribution coming from coke, petroleum, chemical, rubber and plastic products (15%); food products, beverages and tobacco products (6.3%); and metals, machinery, equipment and computing equipment (8.4%). A low base effect from last year is also weighing. In June 2020, producer prices increased by a smaller 0.5%. On a monthly basis, consumer prices were up 0.8%.
2021-07-29
South Africa Producer Inflation Highest since 2016
Producer prices in South Africa jumped by 7.4 percent from a year earlier in May of 2021, following a 6.7 percent rise in April and slightly above market expectations of a 7.3 percent surge. It was the highest producer inflation rate since July of 2016, primarily on account of prices of coke, petroleum, chemical, rubber and plastic products (17.1 percent vs 11.9 percent in April), of which fuels such as petrol (49 percent) and diesel (30.8 percent); food, beverages & tobacco (6.2 percent vs 6.7 percent) and metals, machinery, equipment and computing equipment (6.8 percent vs 8 percent). On a monthly basis, producer prices went up 0.4 percent, following a 0.7 percent increase in the prior month and slightly above market estimates of a 0.3 percent rise.
2021-06-24
South Africa Producer Inflation Hits Near 2-1/2-Year High
Producer prices in South Africa jumped by 6.7 percent from a year earlier in April of 2021, following a 5.2 percent rise in March and slightly below market expectations of 6.8 percent. It was the highest producer inflation rate since November of 2018, pushed up by prices of coke, petroleum, chemical, rubber and plastic products (11.9 percent vs 4.2 percent in March), of which fuels such as petrol (27.8 percent) and diesel (16.6 percent); food, beverages & tobacco (6.7 percent vs 6.8 percent) and metals, machinery, equipment and computing equipment (8 percent vs 5.2 percent). On a monthly basis, producer prices went up by 0.7 percent, after a 1.3 percent rise in the previous month and slightly below market consensus of a 0.8 percent increase.
2021-05-27
South Africa March Producer Inflation Above Forecasts
Producer prices in South Africa advanced 5.2 percent from a year earlier in March of 2021, up from a 4 percent increase in February and above market expectations of 4.7 percent. It was the highest producer inflation rate since June of 2019, mainly pushed up by prices of food, beverages & tobacco products (6.8 percent vs 5.5 percent in February), especially food (8.1 percent) and tobacco (8 percent); coke, petroleum, chemical, rubber and plastic products (4.2 percent vs -0.1 percent), of which coal and petroleum products (3.3 percent vs -4.4 percent) and metals, machinery,equipment and computing equipment (5.2 percent vs 5.1 percent). On a monthly basis, producer prices inched up 1.3 percent, following a 0.7 percent increase in February and above market consensus of a 0.8 percent rise.
2021-04-29

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.