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SA's producer inflation quickens to 6.5%

Johannesburg - South Africa's headline producer inflation accelerated more than expected to 6.5 percent year-on-year in December from 5.8 percent in November, Statistics South Africa said on Thursday.

Economists polled by Reuters had predicted PPI would quicken to 6.2 percent.

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Prices at the factory gate rose by 0.5 percent on a month-on-month basis in December compared with 0.2 percent previously, against market forecasts of another 0.2 percent rise.

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

December November

y/y m/m y/y m/m

Final manufactured goods 6.5 0.5 5.8 0.2

Intermediate manufactured goods 8.1 -0.4 7.5 0.1

Electricity and water 14.3 -1.7 15.8 0.0

Mining and quarrying 2.4 -0.8 1.4 1.5

Agriculture, forestry and fishing 4.1 1.5 2.8 2.5

Exported commodities 4.1 1.0 1.3 0.4

Imported commodities 7.0 0.2 7.1 0.9 - Reuters

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