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Producer inflation rises to 4.2%

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Photo: iStock
Photo: iStock

Cape Town – Prices at the factory gate shot up in October to 4.2%, mostly because of higher costs for food, alcohol and tobacco products.

Statistics SA said on Thursday that October’s annual percentage change in the producer price index (PPI) was 4.2%, up from 3.6% in September.

From September 2015 to October 2015 the PPI for final manufactured goods increased by 0.9%.

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