Producer inflation slows for third straight month
Lower commodity prices, moderating supply-side constraints, and falling freight costs all suggest PPI could continue to slow in the coming months
24 November 2022 - 13:13
SA’s annual headline producer inflation edged lower for the third consecutive month in October, suggesting that price pressures from the productive side of the economy may be starting to turn a corner.
On Wednesday, Stats SA reported that the producer price index (PPI), which measures changes in the prices of goods bought and sold by manufacturers, eased to 16% in October from 16.3% in September. PPI is considered a key indicator of future consumer inflation...
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