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SA's April producer inflation at 6.6%

South African producer inflation, which represents domestic output, slowed to 6.6 percent year-on-year in April from 7.2 percent in March, Statistics South Africa said on Thursday.

On a month-on-month basis inflation was at 0.3 percent after prices fell by 0.1 percent in March.

File picture: Free Images. Credit: FREE IMAGES

Economists polled by Reuters expected PPI to slow to 6.9 percent year-on-year and to quicken to 0.5 percent on a monthly basis.

Percentage changes: year/year month/month

April March April March

Domestic output 6.6 7.2 0.3 -0.1

Exported commods 5.3 4.6 -0.2 -0.4

Imported commods 8.5 9.9 0.3 0.6

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