Producer inflation higher than expected at 11.9% in March

SA producer price index in March reached its highest level since the series began in 2013, beating market expectations by more than a full percentage point.

Annual PPI for final manufactured goods released by Stats SA on Thursday reached 11.9% in March, accelerating from 10.5% in February, and well above Bloomberg consensus expectations of 10.7%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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