JOHANNESBURG – South Africa’s producer inflation slowed more than expected to 7.1 percent year-on-year in March from 8.1 percent in February, the statistics agency said on Thursday.
On a month-on-month basis, prices at the factory gate were up 0.7 percent, compared with a 0.8 percent increase the previous month, Statistics South Africa said.
March Feb
y/y m/m y/y m/m
Final manufactured goods 7.1 0.7 8.1 0.8
Intermediate manufactured goods 5.3 1.1 4.4 0.4
Electricity and water 11.6 -2.1 12.6 1.4
Mining and quarrying 8.2 1.2 6.8 1.9
Agriculture, forestry and fishing 20.9 -1.8 24.9 1.5
(Reuters)
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