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. source: Statistics South Africa

Producer Prices Change in South Africa averaged 5.14 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 May of 2021.

Producer Prices Change in South Africa is expected to be 4.40 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 4.30 in 12 months time. In the long-term, the South Africa Producer Prices Change is projected to trend around 4.00 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
5.20 4.00 8.70 0.30 2013 - 2021 percent Monthly
2020=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-28 09:30 AM Dec 3% 3% 2.8% 2.8%
2021-02-25 09:30 AM Jan 3.5% 3% 3.1% 3.2%
2021-03-25 09:30 AM Feb 4% 3.5% 3.8% 3.7%
2021-04-29 09:30 AM Mar 5.2% 4% 4.7% 4.9%
2021-05-27 09:30 AM Apr 5.2%
2021-06-24 09:30 AM May
2021-07-29 09:30 AM Jun
2021-08-26 09:30 AM Jul


News Stream
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 February Producer Inflation at 1-Year High
Producer prices in South Africa rose 4 percent from a year earlier in February of 2021, up from 3.5 percent in the prior month and beating market expectations of 3.8 percent. It was the highest producer inflation since February last year, mainly due to prices of food, beverages & tobacco (5.5 percent vs 5.9 percent in January); metals, machinery, equipment and computing equipment (5.1 percent vs 4.4 percent) and transport equipment (5.2 percent vs 6.5 percent). On a monthly basis, producer prices went up 0.7 percent, following a 0.8 percent increase in January and above market consensus of 0.5 percent.
2021-03-25
South Africa Producer Inflation at Near 1-Year High
Producer prices in South Africa rose 3.5 percent from a year earlier in January of 2021, up from a 3 percent increase in December and beating market expectations of a 3.1 percent advance. It was the fastest increase in producer prices since last February. Main upward pressure came from prices of food, beverages & tobacco (5.9 percent vs 5.7 percent in December); metals, machinery, equipment and computing equipment (4.4 percent vs 3.2 percent) and transport equipment (6.5 percent vs 7 percent). On a monthly basis, producer prices went up 0.8 percent, after a 0.2 percent rise in the previous month and above market expectations of a 0.4 percent increase.
2021-02-25
South Africa Producer Inflation Steady at 8-Month High
Producer prices in South Africa rose 3 percent from a year earlier in December of 2020, the same pace as in the previous month but above market expectations of a 2.8 percent increase. It remains the highest producer inflation since March, mainly due to rising prices of food, beverages & tobacco (5.7 percent vs 6 percent in November) and transport equipment (7 percent vs 8 percent). On a monthly basis, producer prices went up 0.2 percent, after being flat in the previous month.
2021-01-28

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.