PPI sharply up at 8,9%

Business Report says that the higher PPI may not be sufficient to spur the Reserve Bank to increase interest rates when the Monetary Policy Committee meets later this year, as an increase in interest rates could hamper South Africa's growth rate.

Meanwhile, Business Live says that exports had increase by 5,9% year-on-year despite the higher PPI levels and imports were 10,2% higher in July. It says that the higher electricity prices had contributed three percentage points to the annual PPI level in July

Read more:

• Business Report: Producer inflation leaps much faster than expected to 8.9%
  
• Business Live: PPI overshoots forecasts, rises 8.9% y/y in July
  
• Latest key indicators: Latest key indicators