Producer prices in South Africa rose 3.5 percent from a year earlier in January of 2021, up from a 3 percent increase in December and beating market expectations of a 3.1 percent advance. It was the fastest increase in producer prices since last February. Main upward pressure came from prices of food, beverages & tobacco (5.9 percent vs 5.7 percent in December); metals, machinery, equipment and computing equipment (4.4 percent vs 3.2 percent) and transport equipment (6.5 percent vs 7 percent). On a monthly basis, producer prices went up 0.8 percent, after a 0.2 percent rise in the previous month and above market expectations of a 0.4 percent increase. source: Statistics South Africa
Producer Prices Change in South Africa averaged 5.15 percent from 2013 until 2021, reaching an all time high of 8.70 percent in April of 2014 and a record low of 0.30 percent in May of 2020. This page provides the latest reported value for - South Africa Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Producer Prices Change in South Africa is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in South Africa to stand at 3.10 in 12 months time. In the long-term, the South Africa Producer Prices Change is projected to trend around 3.50 percent in 2022, according to our econometric models.