South Africa's annual producer inflation reached a fresh record high of 18% in July of 2022, above market forecasts of 17.6%. Main upward contribution came from coke, petroleum, chemical, rubber and plastic products (42.8% vs 37.2% in June); food products, beverages and tobacco products (11.4% vs 10.1%); metals, machinery, equipment and computing equipment (11.3% vs 14%) and paper and printed products (11.1% vs 8.6%). Compared to the previous month, producer prices rose 2.2%, also beating market estimates of a 1.95% increase. source: Statistics South Africa
Producer Prices Change in South Africa averaged 5.87 percent from 2013 until 2022, reaching an all time high of 18 percent in July of 2022 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 September of 2022.
Producer Prices Change in South Africa is expected to be 17.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Producer Prices Change is projected to trend around 8.00 percent in 2023 and 6.70 percent in 2024, according to our econometric models.