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PPI steady at 6.6%

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Cape Town – The annual percentage change in the producer price index (PPI) for final manufactured goods was 6.6% in October 2016, Statistics South Africa announced on Thursday, unchanged from September. From September 2016 to October 2016 the PPI for final manufactured goods increased by 0.9%.

The main contributors to the annual rate of 6.6 % were food products, beverages and tobacco products (4.0 percentage points) and metals, machinery, equipment and computing equipment (0.8 of a percentage point).

The contributors to the  monthly increase of 0.9% were food products, beverages and tobacco products  (0.4 of a percentage point), wood and paper products (0.2 of a percentage point) and coke, petroleum, chemical, rubber and plastic products (0.2 of a percentage point).

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