empty
 
 

2021.03.2511:37:00UTC+00South Africa Producer Prices Inflation At 12 Months

South Africa's producer price inflation rose to the highest level in twelve months in February, figures from Statistics South Africa showed on Thursday.

The producer price index rose 4.0 percent year-on-year in February, following a 3.5 percent increase in January. Economists had expected inflation to rise to 3.8 percent.

The latest producer price inflation was the highest since February last year, when prices rose 4.5 percent.

The main contribution for the increase in prices came from food products, beverages and tobacco products, metals, machinery, equipment and computing equipment, and transport equipment in February.

Producer prices for mining industry gained 11.5 percent annually in February and prices for electricity and water increased 9.2 percent.

Prices for agriculture, forestry and fishing, and intermediate goods rose by 10.0 percent and 9.9 percent, respectively.

On a monthly basis, producer prices rose 0.7 percent in February. Economists had expected a 0.5 percent rise.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback