South Africa PPI Inflation Slows to 5-Month Low

2026-02-26 09:47 By Luisa Carvalho 1 min. read

South Africa's PPI inflation was at 2.2% in January 2026, the lowest since August last year, down from a more-than-one-year high of 2.9% recorded in each of the prior three months.

The slowdown was largely driven by falling fuel prices during the month, with petrol down 5.3% and gasoline down 4.8%.

Prices of transportation equipment also decreased (-0.2% vs 1.6%).

In the meantime, price growth moderated for food products, beverages and tobacco products (2.4% vs 2.9%).

On a monthly basis, producer prices fell by 0.2% in January, after increasing by a similar margin in the previous month.



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South Africa PPI Inflation Slows to 5-Month Low
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