The annual producer price inflation in South Africa fell for the third month to hit 1% in September 2024, easing from 2.8% in the prior month. This was the softest reading since June 2020, primarily driven by a drop in prices for coke, petroleum, chemical, rubber, and plastic products (-5% vs 2.1% in August), of which fuels. Transport equipment costs also decreased (-1.2% vs -1.7%). On a monthly basis, producer prices fell by 0.3% in September, the same rate as in the previous month. source: Statistics South Africa

Producer Prices in South Africa increased 1 percent in September of 2024 over the same month in the previous year. Producer Prices Change in South Africa averaged 6.29 percent from 2013 until 2024, reaching an all time high of 18.00 percent in July 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 November of 2024.

Producer Prices in South Africa increased 1 percent in September of 2024 over the same month in the previous year. Producer Prices Change in South Africa is expected to be 3.00 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 2.50 percent in 2025 and 3.40 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-09-26 09:30 AM
PPI YoY
Aug 2.8% 4.2% 4.0%
2024-10-31 09:30 AM
PPI YoY
Sep 1% 2.8% 2.5%
2024-11-28 09:30 AM
PPI YoY
Oct 1% 0.5%


Related Last Previous Unit Reference
Consumer Price Index CPI 116.00 116.10 points Oct 2024
Core Consumer Prices 113.50 113.30 points Oct 2024
Core Inflation Rate YoY 3.90 4.10 percent Oct 2024
Core Inflation Rate MoM 0.20 0.30 percent Oct 2024
CPI Housing Utilities 114.60 114.60 points Oct 2024
CPI Transportation 113.70 115.40 points Oct 2024
Food Inflation 3.60 4.70 percent Oct 2024
Inflation Rate YoY 2.80 3.80 percent Oct 2024
Inflation Rate MoM -0.10 0.10 percent Oct 2024
PPI MoM -0.30 -0.30 percent Sep 2024
Producer Prices 101.20 101.50 points Sep 2024
PPI YoY 1.00 2.80 percent Sep 2024

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
1.00 2.80 18.00 0.30 2013 - 2024 percent Monthly
Dec 2023=100, NSA


News Stream
South Africa Producer Inflation Hits 2020-Lows
The annual producer price inflation in South Africa fell for the third month to hit 1% in September 2024, easing from 2.8% in the prior month. This was the softest reading since June 2020, primarily driven by a drop in prices for coke, petroleum, chemical, rubber, and plastic products (-5% vs 2.1% in August), of which fuels. Transport equipment costs also decreased (-1.2% vs -1.7%). On a monthly basis, producer prices fell by 0.3% in September, the same rate as in the previous month.
2024-10-31
South Africa Producer Inflation Slows Further to Over 1-Year Low
The annual producer price inflation in South Africa eased further to 2.8% in August 2024, the softest in over a year, down from 4.2% in the prior month. Prices slowed down primarily for coke, petroleum, chemical, rubber and plastic products (2.1% vs 5% in July), mainly on account of fuels such as petrol (-0.9% vs 1.6%) and diesel (0.8% vs 5.6%). At the same time, costs increased much less in other categories, including non-metallic mineral products (1.7% vs 3.6%); metals, machinery, equipment and computing equipment (3.5% vs 4.9%) and paper and printed products (2.3% vs 4.1%). Additionally, those for transport equipment declined further (-1.7% vs -0.9%). On a monthly basis, producer prices fell by 0.3% in August, after decreasing by 0.2% in the previous month.
2024-09-26
South Africa Producer Inflation Ebbs to 1-Year Low of 4.5%
The annual producer price inflation in South Africa dipped to 4.2% in July 2024, easing from 4.6% in the prior month and falling below forecasts of 4.5%. It was the lowest reading since July last year, driven by a broad-based slowdown in costs, particularly for coke, petroleum, chemical, rubber, and plastic products (5% vs 6.7% in June), as well as for food, beverages, and tobacco products (3.5% vs 4%). Costs also moderated for electrical machinery and communication and metering equipment (5.5% vs 8.8%); metals, machinery, equipment and computing equipment (4.9% vs 5.7%) and non-metallic mineral products (3.6% vs 4.1%). On a monthly basis, producer prices edged down by 0.2% in July, following a 0.3% decrease in the prior month and compared with market estimates of a 0.1% increase.
2024-08-29