Producer inflation slows for a second straight month
Easing of prices of goods bought and sold by manufacturers was mainly driven by lower fuel costs, but the decline was less than expected
27 October 2022 - 13:25
SA’s annual headline producer inflation edged lower for a second consecutive month in September, but the number was worse than market expectations and signals little respite for hard-pressed consumers.
Stats SA on Wednesday reported that the producer price index (PPI), which measures changes in the prices of goods bought and sold by manufacturers, eased to 16.3% in September from 16.6% in August. The market average estimate was 15.7%...
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