South Africa’s producer inflation slows to 4.5%

By Ndubueze Last updated Mar 29, 2024

FILE PHOTO: A worker sells eggs to a customer at a spaza shop in Thembisa, on the East Rand, in South Africa, August 2, 2023. REUTERS/Siphiwe Sibeko

Statistics South Africa reported that South Africa’s producer inflation rate eased to 4.5% year-on-year in February, down from 4.7% in January.

Additionally, on a month-on-month basis, the Producer Price Index increased to 0.5% in February compared to 0.1% in January.

These figures indicate a moderation in the pace of price increases for goods at the producer level, suggesting a potential alleviation of inflationary pressures in the country’s economy.

Source: Reuters

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South Africa’s producer inflation slows to 4.5%

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South Africa’s producer inflation slows to 4.5%

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