RTTNews - Thursday, the Statistics South Africa announced that the producer price index or PPI rose 2.9% year-over-year in April, slower than the 5.3% increase in the previous month. Economists were looking for an increase of 3.7%. A year earlier, producer prices were up 12.4%.
On a monthly basis, producer prices declined 0.2% in April, in contrast to a 0.1% increase in the previous month. Economists had expected an increase of 0.4%.
In April, producer prices for exported commodities decreased 2.7% on an annual basis. Month-on-month, export prices declined 2.8%.
The PPI for imported commodities decreased 14.7% annually in April, after falling 10.1% in March. Import prices were up 0.9% compared to the previous month.
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