TUESDAY, 11.30AM:
PRODUCER inflation in July fell to its lowest level in 12 months, with the annualised producer price index at 6,9%, a 0,6 percentage point decline over June’s figure. The July PPI is the lowest the index has been since July 1996, when the figure was 6,6%.
The annualised PPI for locally produced commodities in July was 7,5%, a full percentage point below June’s figure, while the PPI for imported commodities showed an annual rate of increase of 3,9% in July, its lowest rate since April 1996, 15 months ago, when it was 3,2%.