Producer prices continue downward trend in December
Decline to five-month low driven by falling food product prices and those for paper and printed products, though economist warn of upside risks
25 January 2024 - 14:41
Producer price inflation (PPI) slowed for a second straight month in December, reaching the lowest level in five months, according to Stats SA.
The annual decline to 4% in December from 4.6% a month earlier — well below the market forecast of 4.3% — was driven mainly by easing food product prices, which slowed to 4.7% from 5% in November, and paper and printed products, which dropped to 3.5% from 5%...
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