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.