South Africa Producer Price Inflation Lowest In 8 Months

South Africa’s producer price inflation eased to the lowest level in eight months in September, figures from Statistics South Africa showed on Thursday.

The producer price index climbed 4.1 percent year-on-year in September, following a 4.5 percent rise in August.

The latest inflation was the slowest since January, when it was 4.1 percent.

The main contribution to the inflation came from food products, beverages and tobacco products, metals, machinery, equipment and computing equipment, coke, petroleum, chemical, rubber and plastic products, and paper and printed products.

On a month-on-month basis, producer prices rose 0.2 percent in September.

The material has been provided by InstaForex Company – www.instaforex.com