Producer prices in South Africa rose 0.5 percent year-on-year in June 2020, following a 0.4 percent gain in the previous month, but slightly below market expectations of a 0.6 percent increase. Cost of electrical machinery & communication equipment advanced further (0.4% vs 0.3% in May). Also, prices fell less for coke, petroleum, chemical, rubber and plastic products (-8.9% vs -10.5%), of which petrol (-23.7% vs -31.3%); and non-metallic mineral products (-1.4% vs -3.3%). Meanwhile, cost slowed for food, beverages & tobacco products (3.2% vs 3.4%); transport equipment (7.9% vs 8.8%); and paper & printed products (3.4% vs 3.6%). On a monthly basis, producer prices went up 0.5 percent, rebounding from a 0.3 percent fall in the prior month and compared with market forecasts of a 0.8 percent rise.

Producer Prices Change in South Africa averaged 5.32 percent from 2013 until 2020, reaching an all time high of 8.80 percent in April of 2014 and a record low of 0.40 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 August of 2020. source: Statistics South Africa

Producer Prices Change in South Africa is expected to be 4.20 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 4.10 in 12 months time. In the long-term, the South Africa Producer Prices Change is projected to trend around 4.30 percent in 2021 and 4.50 percent in 2022, according to our econometric models.

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South Africa Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.40 8.80 0.40 2013 - 2020 percent Monthly
2012=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-28 09:30 AM Mar 3.3% 4.5% 3.4% 3.7%
2020-06-25 09:30 AM Apr 1.2% 3.3% 1.95% 2.1%
2020-07-16 09:30 AM May 0.4% 1.2% -0.1% -0.3%
2020-07-30 09:30 AM Jun 0.5% 0.4% 0.6% -0.2%
2020-08-27 09:30 AM Jul 0.5% 2%
2020-09-28 09:30 AM Aug
2020-10-29 09:30 AM Sep 4.2%
2020-11-26 09:30 AM Oct


News Stream
South Africa Producer Inflation Rate Rises Less than Expected
Producer prices in South Africa rose 0.5 percent year-on-year in June 2020, following a 0.4 percent gain in the previous month, but slightly below market expectations of a 0.6 percent increase. Cost of electrical machinery & communication equipment advanced further (0.4% vs 0.3% in May). Also, prices fell less for coke, petroleum, chemical, rubber and plastic products (-8.9% vs -10.5%), of which petrol (-23.7% vs -31.3%); and non-metallic mineral products (-1.4% vs -3.3%). Meanwhile, cost slowed for food, beverages & tobacco products (3.2% vs 3.4%); transport equipment (7.9% vs 8.8%); and paper & printed products (3.4% vs 3.6%). On a monthly basis, producer prices went up 0.5 percent, rebounding from a 0.3 percent fall in the prior month and compared with market forecasts of a 0.8 percent rise.
2020-07-30
South Africa April Producer Inflation Lowest since 2013
Producer prices in South Africa increased 0.4% from a year earlier in May of 2020, following a 1.2% rise in the previous month and against market expectations of a 0.1% drop. That was the softest producer inflation since available records began in January of 2013, dragged by a plunge in prices of coke, petroleum, chemical, rubber and plastic products (-10.5% vs -5.3%), namely fuels such as petrol (-31.3% vs -16.3%) and diesel (-25.8% vs -14.9%). Additional downward pressure came from costs of non-metallic mineral products (-3.3% vs -3.2%) and transport equipment (8.8% vs 9.2%). In contrast, prices rose faster for food, beverages & tobacco products (3.4% vs 3%); tobacco products (4.6% vs 3.4%) and paper & printed products (3.6% vs 3.2%). On a monthly basis, producer prices went down 0.3%, after falling 0.1% in April and compared with market expectations of a 0.8% decrease.
2020-07-16
South Africa April Producer Inflation Lowest since 2013
Producer prices in South Africa went up 1.2% from a year earlier in April of 2020, following a 3.3% rise in the prior month and below market expectations of a 1.95% gain. That was the lowest producer inflation since available records began in January of 2013, due to a slump in prices of coke, petroleum, chemical, rubber & plastic products (-5.3% vs 2.2% in March), namely fuels such as petrol (-16.3%) and diesel (-14.9%) amid falling oil prices prompted by the coronavirus crisis. Costs also decreased for non-metallic mineral products (-3.2% vs 3.3%) and metals, machinery, equipment & computing equipment (-0.2% vs 4.5%). Meantime, inflation slowed markedly for tobacco products (3.4% vs 9.6%), as South African authorities banned the sales of those products as part of Covid-19 lockdown restrictions. On a monthly basis, producer prices decreased 0.7%, after rising 0.1% in March and compared with market consensus of a 0.05% increase.
2020-06-25
South Africa March Producer Inflation at 4-Month Low
Producer prices in South Africa increased 3.3 percent from a year earlier in March of 2020, after rising 4.5 percent in the previous month and slightly below market expectations of a 3.4 percent gain. Prices advanced at a softer pace primarily for coke, petroleum, chemical, rubber & plastic products (2.2 percent vs 6.8 percent in February) and food, beverages & tobacco (2.6 percent vs 3.7 percent). On a monthly basis, producer prices went up 0.1 percent, following a 0.3 percent increase in the preceding month and below market expectations of a 0.3 percent rise.
2020-05-28

South Africa Producer Prices Change
In South Africa, Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.