Producer prices in South Africa were up 7.1% year-on-year in July of 2021, easing from a 7.7% rise in June and slightly above market forecasts of 7%. Prices slowed mostly for coke, petroleum, chemical, rubber and plastic products (11.7% vs 15% in June), of which coal and petroleum products (16.3% vs 25.4%); food products, beverages and tobacco products (6.1% vs 6.3%) and paper and printed products (3.8% vs 5%). On a monthly basis, producer prices went up 0.7%, down slightly from a 0.8% increase in June but above market expectations of a 0.6% rise. source: Statistics South Africa
Producer Prices Change in South Africa averaged 5.22 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 September of 2021.
Producer Prices Change in South Africa is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Producer Prices Change is projected to trend around 5.00 percent in 2022 and 4.00 percent in 2023, according to our econometric models.