Producer price inflation slows to 10,1%

Inflation at SA’s factories, mines and farms slowed to 10,1% year on year in November, Statistics SA data showed on Thursday

PRICES at factories, mines and farms in SA slowed more than expected last month, figures showed on Thursday.

SA’s producer price index (PPI) registered growth of 10,1% year on year in November from 10,6% in October, Statistics SA (Stats SA) data showed.
The PPI, on a monthly basis, increased by 0,2% from -0.3% in October.
The PPI was expected to dip slightly at 10,5% year on year in November, a survey by I-Net Bridge found.
Frost and Sullivan economist Craig Parker said: "There was a significant slowdown in mining production, which would have contributed to November producer price index data. However input prices in general are still higher compared with 2010. We expect a further moderation in data next month from the current levels."

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