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Producer prices tick up in December

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South Africa Headlines News

For the whole of 2019, factory gate prices averaged their lowest levels in four years

Producer price inflation rose in December, matching market forecasts, driven in part by changes in the fuel price.

December’s increase was in line with the expectations of a number of economists ahead of the print, who noted the likely uptick as fuel prices base effects begin to wear off. Food products, beverages and tobacco products increased by 3.2% year-on-year and contributed 1.1 percentage points. While metals, machinery, equipment and computing equipment increased by 3.9% year on year and contributed 0.6 of a percentage point, according to Stats SA.

 

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