Producer inflation slows down

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111Manufacturing1

http://www.sxc.hu/

Johannesburg - The year-on-year producer price index (PPI) slowed to 5.8 percent last month, compared to 6.3 percent in October, Statistics SA (StatsSA) said on Thursday.

However, the PPI for final manufactured goods increased by 0.2 percent from October to November.

StatsSA said the main contributors to the slowing were food products, beverages, tobacco products, metals, machinery, equipment and computing equipment, and transport equipment.

The main contributor to the increase was food products, beverages and tobacco products.

The PPI measures the cost of a basket of goods needed by a typical commodity producer and measures inflation at factories, mines, and farms.

The annual percentage change in the PPI for intermediate manufactured goods was 7.5 percent in November, compared with 7.7 percent in October 2013.

From October to November, the PPI for intermediate manufactured goods increased by 0.1 percent.

The main contributors to the annual rate were chemicals, rubber and plastic products, basic and fabricated metals and textiles and leather goods.

The main contributors to the monthly increase were textiles and leather goods, and sawmilling and wood.

The annual percentage change in the PPI for electricity and water was 15.8 percent in November, compared with 14.6 percent in October.

From October to November, the PPI for electricity and water was unchanged.

The annual percentage change in the PPI for mining was 1.4 percent in November, compared with -0.2 percent in October.

From October to November, the PPI for mining increased by 1.5 percent.

The main contributors to the annual and monthly rates were non-ferrous metal ores and coal and gas.

In November, the annual percentage change in the PPI for agriculture, forestry, and fishing was 2.8 percent, compared with 1.8 percent in October.

The PPI for agriculture, forestry, and fishing increased by 2.5 percent from October to November.

The main contributor to both figures was agriculture. - Sapa


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