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.