SA producer price inflation in May softened for a 10th straight month, reflecting the effects of lower fuel and food costs, Stats SA data shows.

Stats SA on Thursday said the producer price index (PPI) eased to 7.3% in May from 8.6% the previous month, matching market forecasts. It was the softest reading since August 2021, prompted by a slowdown in costs of coke, petroleum, chemical, rubber and plastic products; metals, machinery, equipment and computing equipment; and food products, beverages and tobacco products...

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