Reading marks ninth consecutive month of double-digit readings, according to Stats SA
SA’s annual producer inflation moderated in August, though it was second-highest reading since the series began in 2013 as it marked the ninth consecutive month of double-digit readings, according to Stats SA.
The producer price index (PPI), which measures changes in the prices of goods bought and sold by manufacturers, was up 16.6% year on year in August, below market forecasts of 17%. It moderated by 0.5% month on month compared with some estimates of an acceleration of 0.7%...
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