Johannesburg - South Africa's headline producer inflation accelerated to 6.7 percent year-on-year in August from 6.6 percent in July, Statistics South Africa said on Thursday.
Prices at the factory gate rose by 0.8 percent on a month-on-month basis in August, from 0.7 percent in July.
Economists polled by Reuters had expected PPI to slow to 6.5 percent year-on-year in August, from 6.6 percent in July.
Since January, Stats S.A. has released five industry-specific producer price indices, with final manufactured goods representing the headline number. - Reuters