ECONOMIC WEEK AHEAD: Producer price inflation and trade balance to be focal point
PPI is likely to have accelerated to a record 15.6% in June year on year
24 July 2022 - 16:49
A reliable measure of how factory-gate prices are faring will come under the spotlight this week when Stats SA releases producer price inflation (PPI) for June.
PPI indicates rising input costs for factories/producers, which they then may pass on to retailers and consumers, thereby setting future trends in inflation which the Reserve Bank closely monitors when deciding on interest rates...
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