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South Africa's April headline PPI quickens to 8.8 pct y/y

شعار Reuters Reuters 29/05/2014

JOHANNESBURG - South Africa's headline producer inflation accelerated more than expected to 8.8 percent year-on-year in April, from 8.2 percent in March, Statistics South Africa said on Thursday.

Economists polled by Reuters had predicted PPI would only quicken to 8.4 percent.

On a month-on-month basis, factory gate prices rose by 1 percent in April from 1.3 percent in March, against market forecasts of a 0.7 percent increase.

Stats S.A. releases five industry-specific producer price indices, with final manufactured goods representing the headline number.

April March

y/y m/m y/y m/m

Final manufactured goods 8.8 1.0 8.2 1.3

Intermediate manufactured goods 10.2 0.4 10.1 0.8

Electricity and water 10.4 3.1 14.6 -1.6

Mining and quarrying 6.6 -0.7 3.7 -1.2

Agriculture, forestry and fishing 7.6 -3.6 11.7 2.2

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