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PPI records at an unexpectedly 16.4% high

Posted 26th June 2008 at 06:21 PM by NewsTracker (Tracking the News)
By Bathandwa Mbola
Pretoria – The year-on-year producer price inflation (PPI) for all commodities in South Africa came at an unexpectedly high of 16.4 percent for May 2008 compared to the 12.4 May 2007.

Statistics South Africa (StatsSA) reported Thursday that month-on-month PPI, representing domestic output, stood at 4.9 percent compared to 2.1 percent previously.

Economists say the figure was well above expectations.

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