Producer inflation reaches lowest level in more than four years
Annual producer inflation slowed to 2.3% in November, the seventh month of consecutive declines in the annual rate
Producer inflation moderated to its lowest level in more than four years in November.
The softening highlights the low levels of demand in SA’s economy, which contracted in the third quarter of 2019, with fears growing that it could slip into a recession as power utility Eskom continues rolling power cuts. ..