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Producer inflation quickens to 7.7%

Economy

Johannesburg - South Africa's headline producer inflation quickened to 7.7 percent year-on-year in February from 7.0 percent in January, Statistics South Africa said on Thursday.

Economists polled by Reuters had predicted PPI would quicken slightly to 7.25 percent.

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Prices at the factory gate rose by 1.3 percent on a month-on-month basis in February, compared with 1.0 percent previously, and against market forecasts of a 0.8 percent rise.

Stats S.A. releases five industry-specific producer price indices, with final manufactured goods representing the headline number. - Reuters

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