Producer inflation hits a record high at 18%
PPI records its eighth consecutive month of double-digit readings
25 August 2022 - 14:42
UPDATED 25 August 2022 - 18:23
SA’s annual producer inflation for July reached its highest level since the series began in 2013 as it marked the eighth consecutive month of double-digit readings, according to Stats SA.
SA’s producer price index (PPI), which measures changes in the prices of goods bought and sold by manufacturers, was up 18% in July, beating market forecasts of 17.6%...
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