Producer prices in South Africa advanced 5.2 percent from a year earlier in March of 2021, up from a 4 percent increase in February and above market expectations of 4.7 percent. It was the highest producer inflation rate since June of 2019, mainly pushed up by prices of food, beverages & tobacco products (6.8 percent vs 5.5 percent in February), especially food (8.1 percent) and tobacco (8 percent); coke, petroleum, chemical, rubber and plastic products (4.2 percent vs -0.1 percent), of which coal and petroleum products (3.3 percent vs -4.4 percent) and metals, machinery,equipment and computing equipment (5.2 percent vs 5.1 percent). On a monthly basis, producer prices inched up 1.3 percent, following a 0.7 percent increase in February and above market consensus of a 0.8 percent rise. source: Statistics South Africa
Producer Prices Change in South Africa averaged 5.14 percent from 2013 until 2021, reaching an all time high of 8.70 percent in April of 2014 and a record low of 0.30 percent in May of 2020. This page provides the latest reported value for - South Africa Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Producer Prices Change in South Africa is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in South Africa to stand at 4.30 in 12 months time. In the long-term, the South Africa Producer Prices Change is projected to trend around 4.00 percent in 2022 and 3.80 percent in 2023, according to our econometric models.