March PPI up from 7.7% to 8.2%
The producer price index (PPI) for final manufactured goods - considered as the headline PPI - accelerated more than expected by 8.2% year-on-year (y/y) in March after increasing by 7.7% y/y in February‚ Statistics South Africa figures showed.
The PPI rose to 8.2% in March, surprising anaylysts. Image: Beeboys Fotolia
The PPI for final manufactured goods increased by 1.3% between February and March.
PPI was expected to have increased by 7.7% y/y‚ according to a BDPro survey. Forecasts among nine economists surveyed ranged from 7.5% to 8.5% y/y.