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Slight uptick in factory gate prices to 4.8%

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Johannesburg - There was a slight uptick in the Producer Price Index (PPI) for May 2017.

According to data released by Statistics South Africa (Stats SA) on Thursday, the PPI was up to 102.1, from 101.6 in April. This is a monthly change in the final manufactured goods by 0.5%.

The annual change in PPI, a gauge of factory-gate prices, was 4.8%. The main contributors to the annual rate were food products, beverages and tobacco products, with 1.9 percentage points. This was followed by coke, petroleum, chemical, rubber and plastic products (1.6 percentage points).

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