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.

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South Africa Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-07-28 09:30 AM Jun 16.2% 14.7% 15.8% 17.5%
2022-08-25 09:30 AM Jul 18% 16.2% 17.6% 17.4%
2022-09-29 09:30 AM Aug 18% 17.7% 17%


Related Last Previous Unit Reference
Inflation Rate 7.60 7.80 percent Aug 2022
Inflation Rate MoM 0.20 1.50 percent Aug 2022
Consumer Price Index CPI 106.00 105.80 points Aug 2022
Core Consumer Prices 103.60 103.40 points Aug 2022
Core Inflation Rate 4.40 4.60 percent Aug 2022
Producer Prices 124.40 121.70 points Jul 2022
Producer Prices Change 18.00 16.20 percent Jul 2022
Food Inflation 11.30 9.70 percent Aug 2022
CPI Transportation 114.50 115.60 points Aug 2022
CPI Housing Utilities 103.20 103.10 points Aug 2022

South Africa Producer Prices Change
In South Africa, Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
18.00 16.20 18.00 0.30 2013 - 2022 percent Monthly
2020=100, NSA

News Stream
South Africa Producer Inflation Hits Fresh Peak
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.
2022-08-25
South Africa Producer Inflation Tops New Record
Annual producer inflation in South Africa broke a fresh record high for a fourth consecutive month to reach 16.2% in June of 2022, above market forecasts of 15.8%. Main upward contribution came from coke, petroleum, chemical, rubber and plastic products (37.2%); food products, beverages and tobacco products (10.1%); and metals, machinery, equipment and computing equipment (14%). Compared to the previous month, producer prices rose 2.1%.
2022-07-28
South Africa Producer Inflation Climbs to Fresh High
Producer prices in South Africa surged by 14.7% year-on-year in May of 2022, accelerating from a 13.9% rise in the previous month and topping market estimates of 14.1%. It marks the sixth straight month of double-digit producer inflation and the highest reading since records began in 2013, mainly on account of prices of coke, petroleum, chemical, rubber and plastic products (31.7% vs 28.4% in April), largely due to fuels. Additional upward pressure came from costs of food products, beverages and tobacco products (9.7% vs 8.3%), mostly food (12.3% vs 9.9%); and metals, machinery, equipment and computing equipment (15.9% vs 14.1%). On a monthly basis, producer prices advanced 1.8%, the same pace as in April but above market forecasts of a 1.3% increase.
2022-06-30