South Africa's annual producer inflation eased for the fifth straight month to 13.5% in December of 2022, down from 15% in November and slightly below market estimates of 14.05%. This was the lowest reading since April last year, largely due to the continued slowdown in prices of coke, petroleum, chemical, rubber and plastic products (24.5% vs 28.6% in November); food products, beverages and tobacco products (10.1% vs 10.7%) and paper and printed products (16% vs 18.4%) and transport equipment (4.8% vs 6.1%). On a monthly basis, producer prices were flat in December, after a 0.5% increase in the prior month and compared with market forecasts of a 0.4% rise. source: Statistics South Africa
Producer Prices Change in South Africa averaged 6.37 percent from 2013 until 2022, 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 February of 2023.
Producer Prices Change in South Africa is expected to be 13.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.