The annual producer price inflation in South Africa declined further to 4.8% in June 2023, from 7.3% in the previous and below market forecasts. It is the lowest level since February 2021, mainly due to a fall in prices of coke, petroleum, chemical, rubber and plastic products (-2.9% vs 3.6% in May) and a slowdown in the costs of metals, machinery, equipment and computing equipment (6.2% v 7%), food products, beverages and tobacco products (6.4% vs 7%), paper & printed products (14.5% vs 15.5%) and transport equipment (11.3% vs 12.8%). On a montlhy basis, producer prices fell 0.3% in June, after a 0.6% increase in the previous month source: Statistics South Africa

Producer Prices Change in South Africa averaged 6.51 percent from 2013 until 2023, reaching an all time high of 18.00 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 August of 2023.

Producer Prices Change in South Africa is expected to be 3.70 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 3.00 percent in 2024 and 5.00 percent in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
Width
Height
 Preview

South Africa Producer Prices Change



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-06-29 09:30 AM May 7.3% 8.6% 7.3% 7.2%
2023-07-27 09:30 AM Jun 4.8% 7.3% 6% 5.8%
2023-08-31 09:30 AM Jul 4.8% 2.9% 3.4%


Related Last Previous Unit Reference
Inflation Rate 4.70 5.40 percent Jul 2023
Inflation Rate MoM 0.90 0.20 percent Jul 2023
Consumer Price Index CPI 110.80 109.80 points Jul 2023
Core Inflation Rate 4.70 5.00 percent Jul 2023
Core Consumer Prices 108.30 107.80 points Jul 2023
Producer Prices 127.50 127.90 points Jun 2023
Producer Prices Change 4.80 7.30 percent Jun 2023
Food Inflation 9.90 11.00 percent Jul 2023
CPI Transportation 112.60 112.30 points Jul 2023
CPI Housing Utilities 108.40 105.40 points Jul 2023

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
4.80 7.30 18.00 0.30 2013 - 2023 percent Monthly
2020=100, NSA

News Stream
South Africa Producer Price Inflation Continues to Slow Down
The annual producer price inflation in South Africa declined further to 4.8% in June 2023, from 7.3% in the previous and below market forecasts. It is the lowest level since February 2021, mainly due to a fall in prices of coke, petroleum, chemical, rubber and plastic products (-2.9% vs 3.6% in May) and a slowdown in the costs of metals, machinery, equipment and computing equipment (6.2% v 7%), food products, beverages and tobacco products (6.4% vs 7%), paper & printed products (14.5% vs 15.5%) and transport equipment (11.3% vs 12.8%). On a montlhy basis, producer prices fell 0.3% in June, after a 0.6% increase in the previous month.
2023-07-27
South Africa Producer Inflation at Near 2-Year Low of 7.3%
The annual producer price inflation in South Africa eased further to 7.3% in May 2023, from 8.6% in the previous month, matching market forecasts. It was the softest reading since August 2021, prompted by a slowdown in costs of coke, petroleum, chemical, rubber and plastic products (3.6% vs 6% in April); metals, machinery, equipment and computing equipment (6.1% vs 6.9%); food products, beverages and tobacco products (7% vs 8.4%); paper & printed products (15.5% vs 16.1%) and transport equipment (12.8% vs 13.8%). On a monthly basis, producer prices went up by 0.6% in May, after being flat in the previous month.
2023-06-29
South Africa Producer Inflation Lowest in 18 Months
The annual producer price inflation in South Africa slowed to 8.6% in April 2023 from 10.6% in the previous month and less than market expectations of 9.5%. It marked the lowest reading since October 2021, due to the further slowdown in costs for most manufactured goods, particularly for coke, petroleum, chemical, rubber, and plastic products (6% vs 12.2% in March), transport equipment (13.8% vs 14.5%) and metals, machinery, equipment & computing equipment (6.9% vs 9.2%). On a monthly basis, producer prices stalled, following a 1% advance in March and compared to market estimates of a 0.5% rise.
2023-05-25