SA producer inflation may be nearing peak, say economists
PPI indicates rising input costs for factories, which are then passed on to retailers and consumers
28 July 2022 - 12:31
UPDATED 28 July 2022 - 20:11
Producer inflation accelerated to a record high in June, and may be close to the peak in the current cycle due to the moderation in international oil prices as well as soft commodity markets.
“We are very close to the peak in the high inflation cycle. Obviously it will take a while before we start to see the moderation in prices feed through to data,” Stanlib economist Kevin Lings said on Thursday...
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