Producer prices in South Africa surged by 14.7% year-on-year in May of 2022, accelerating from a 13.9% rise in the previous month and topping market estimates of 14.1%. It marks the sixth straight month of double-digit producer inflation and the highest reading since records began in 2013, mainly on account of prices of coke, petroleum, chemical, rubber and plastic products (31.7% vs 28.4% in April), largely due to fuels. Additional upward pressure came from costs of food products, beverages and tobacco products (9.7% vs 8.3%), mostly food (12.3% vs 9.9%); and metals, machinery, equipment and computing equipment (15.9% vs 14.1%). On a monthly basis, producer prices advanced 1.8%, the same pace as in April but above market forecasts of a 1.3% increase. source: Statistics South Africa

Producer Prices Change in South Africa averaged 5.67 percent from 2013 until 2022, reaching an all time high of 14.70 percent in May of 2022 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 July of 2022.

Producer Prices Change in South Africa is expected to be 15.00 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 6.00 percent in 2023 and 4.70 percent in 2024, according to our econometric models.

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South Africa Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-05-26 09:30 AM Apr 13.1% 11.9% 12.3% 12.5%
2022-06-30 09:30 AM May 14.7% 13.1% 14.1% 14.7%
2022-07-28 09:30 AM Jun 14.7%


Related Last Previous Unit Reference
Inflation Rate 6.50 5.90 percent May 2022
Inflation Rate Mom 0.70 0.60 percent May 2022
Consumer Price Index CPI 103.10 102.40 points May 2022
Core Inflation Rate 4.10 3.90 percent May 2022
Core Consumer Prices 102.10 101.90 points May 2022
Producer Prices 119.20 117.10 points May 2022
Producer Prices Change 14.70 13.10 percent May 2022
Food Inflation 7.60 6.00 percent May 2022
CPI Transportation 105.90 105.10 points May 2022
CPI Housing Utilities 100.60 100.50 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
14.70 13.10 14.70 0.30 2013 - 2022 percent Monthly
2020=100, NSA

News Stream
South Africa Producer Inflation Climbs to Fresh High
Producer prices in South Africa surged by 14.7% year-on-year in May of 2022, accelerating from a 13.9% rise in the previous month and topping market estimates of 14.1%. It marks the sixth straight month of double-digit producer inflation and the highest reading since records began in 2013, mainly on account of prices of coke, petroleum, chemical, rubber and plastic products (31.7% vs 28.4% in April), largely due to fuels. Additional upward pressure came from costs of food products, beverages and tobacco products (9.7% vs 8.3%), mostly food (12.3% vs 9.9%); and metals, machinery, equipment and computing equipment (15.9% vs 14.1%). On a monthly basis, producer prices advanced 1.8%, the same pace as in April but above market forecasts of a 1.3% increase.
2022-06-30
South Africa Producer Inflation Hits Fresh High
Producer prices in South Africa rose by 13.1 percent year-on-year in April of 2022, accelerating from an 11.9 percent increase in the previous month and above market expectations of 12.3 percent. It marks the fifth straight month of double-digit producer inflation and the highest reading since records began in 2013, mainly due to soaring prices of fuels, food and metals, machinery, and equipment. On a monthly basis, producer prices advanced 1.8 percent, slowing from a 2.5 percent advance in March but above market forecasts for a 1.1 percent rise.
2022-05-26
South Africa Producer Inflation Hits Record High
Producer prices in South Africa rose 11.9 percent year-on-year in March of 2022, accelerating from a 10.5 percent increase in the previous month and above market expectations of 10.8 percent. It was the highest producer inflation since comparable records began in 2013, mainly due to prices of coke, petroleum, chemical, rubber and plastic products; food products, beverages and tobacco products; and metals, machinery, equipment and computing equipment. On a monthly basis, producer prices climbed 2.5 percent, following a 1.1 percent advance in February and compared to forecasts for a 1.5 percent gain.
2022-04-28