The higher producer prices come after consumer inflation also bucked consensus expectations
Despite some concessions, the draft charter still has provisions that investors find unpalatable
The cost of manufacturing goods in South Africa rose higher in August than last month, meaning more pressure on consumer prices.
Investor fears over rising food and fuel prices will set the tone for economic data releases from the US, Europe, India and South Africa this week.
South Africa’s producer inflation quickened to 9,4% year-on-year in June from 6,8% in May, official data showed on Thursday.
SA’s factory gate inflation accelerated for the eighth straight month to March, slightly below expectations but showing price pressures are building.
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/ 25 February 2010
South Africa’s producer inflation accelerated to a faster-than-expected 2,7% year-on-year in January from 0,7% in December.
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/ 26 November 2009
The Producer Price Index (PPI) continued to decline in October, Statistics South Africa said on Thursday.
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/ 23 September 2009
South Africa’s producer price inflation stood at -4% year-on-year in August compared with -3,8% in July, Statistics South Africa said on Wednesday.
South Africa’s producer price index (PPI) rose by 5,3% year-on-year (y/y) in March from 7,3% y/y in February.
South Africa’s producer price index (PPI) is expected to have increased in March at 5,5% year-on-year (y/y) from the 7,3% y/y seen in February.
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/ 26 February 2009
South Africa’s producer price inflation slowed to 9,2% year-on-year (y/y) in January from 11% in December, below expectations.
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/ 29 January 2009
SA’s PPI slowed to an 11-month low of 11% year-on-year in December, lending further weight to the case for an aggressive interest-rate cut next week.
South Africa’s targeted CPIX inflation is seen accelerating to a new five-and-a-half-year in May on persistently high food and fuel prices.
Firm resource stocks helped the JSE extend its gains by midday on Thursday, even though bank and financial counters were softer. By noon, the JSE’s broader all-share index lifted 1,17%, led by a 1,94% advance in resources. The gold mining index recovered 0,98% while the platinum mining index edged up 0,04%.
South Africa’s producer price index (PPI) rose by 10,3% year-on-year (y/y) in July from a 10,4% year-on-year increase in June, Statistics South Africa (Stats SA) data on Thursday showed. The PPI rose 1,6% on a monthly basis after June’s monthly increase of 2,1%.