Business
PPI slows to 7% in April─── 12:37 Thu, 26 May 2016
Cape Town – SA's producer price index (PPI) increased by 7% in April, a slight decrease from the 7.1% increase recorded in March, Stats SA announced on Thursday.
The PPI for final manufactured goods, which impacts on the consumer price index and thus inflation, increased by 0.8% between March and April.
The main contributors to the annualised 7% increase were food products, beverages and tobacco products (3.2 percentage points), metals, machinery, equipment and computing equipment (1 percentage point) and transport equipment (0.8 of a percentage point).
The main contributor to the monthly increase of 0.8% was coke, petroleum, rubber and plastic products (0.7 of a percentage point).
The annual percentage change in the PPI for intermediate manufactured goods (7.1%), electricity and water (12.3%), and mining (10.3%) all accelerated from the previous month, with agriculture, forestry and fishing showing a slower increase of 16.9% in April 2016, from 20.9% in March.
- News24.com
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