PPI shoots up as supply constraints weigh
Producer price inflation has climbed to 11.9% in March, the highest it’s been since 2013
The rise in producer price inflation to the highest level since 2013 has come as little surprise given escalating costs amid constraints in supply chains caused by the war in Ukraine, say experts.
Stats SA said this week that PPI had climbed to 11.9% in March, up from 10.5% a month earlier and higher than the market consensus. It touched 2.5% month-on-month in March. ..