Producer price inflation hits two-year low
Despite easing food prices, risks in global agriculture and load-shedding threaten producer price relief
27 July 2023 - 13:34
Annual producer price inflation fell to its lowest level in more than two years, supported by a further deceleration in manufactured food price inflation and a substantial decrease in both the petrol and diesel price in June.
Stats SA on Thursday showed producer price inflation fell to 4.8% in June, from 7.3% in May and 8.6% in April, reaching its lowest level since February 2021. The June reading is also below Reuters’ consensus of 6%...
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