Headline PPI almost unchanged at 6.2% in September - Stats SA

The latest PMI figure posted 50.4, down from 51.1 in March
The latest PMI figure posted 50.4, down from 51.1 in March

Annual headline producer price inflation for September has come in at 6.2% compared to 6.3% in August, according to data published by Statistics South Africa on Thursday.

The producer price index is a weighted index of prices measured at the wholesale or producer level.

"This outcome was in line with consensus expectations," said Lara Hodes of Investec in a statement, noting the marginal drop was primarily underpinned by a reduction in fuel price pressures for September. This was caused by Energy Minister Jeff Radebe's decision to temporarily cap fuel price increases

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