Increases in fuel and certain food prices were the main drivers for the higher-than-expected rise in producer price inflation in March. Economists expect uncertainty about global oil prices will continue to pose a risk to SA’s overall inflation outlook.
The producer price index (PPI) inflation data released by Stats SA on Thursday showed a month-on-month increase of 1.1% — slightly above analysts’ expectations of 0.8%-0.9%. This translated into a year-on-year increase for March of 4.6% from 4.5% in February...
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