Fuel price relief helps keep producer inflation in check at 4.2%
Fuel price relief helps keep producer inflation in check at 4.2%
Producer price inflation has decreased markedly from 2023’s average of 6.7% and is forecast to average close to 4% in 2024
29 August 2024 – 12:31
by Denene Erasmus
As was widely expected, consecutive decreases in fuel prices helped producer inflation in July to slow by 0.2% month on month.
Data released by Stats SA on Thursday showed that the coke, petroleum and chemical category made the largest contribution to the decrease in the monthly headline producer price index (PPI) after slowing by 1.5% month on month (a negative 0.4 percentage point contribution to the total)…
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