S. Africa Producer Prices Increase In December

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Thursday, the Statistics South Africa announced that the producer price index or PPI rose 0.7% year-on-year in December, compared to the 1.2% fall in the previous month. Economists expected an increase of 0.4%. A year ago, the PPI was up 11%.

On a monthly basis, the PPI climbed 0.7% in December, faster than the 0.4% increase expected by economists.

Meanwhile, export prices dropped 6.1% on an annual basis in December, slower than the 11.9% fall in the previous month. At the same time, import prices fell 3.5%, after falling 5.7% in November. Month-on-month, export and import prices increased by 0.4% and 0.8%, respectively.

Thursday, the Statistics South Africa announced that the producer price index or PPI rose 0.7% year-on-year in December, compared to the 1.2% fall in the previous month. Economists expected an increase of 0.4%. A year ago, the PPI was up 11%. (Market News Provided by RTTNews)