Headline PPI rises to 6.9% for October, highest in 22 months

Annual headline producer price inflation for final manufactured goods rose to 6.9% in October, Stats SA reported on Thursday. 

This is the highest annual increase since December 2016, when the rate rose by 7%.  

Annual headline PPI was 6.2% in September and 6.3% in August. 

The producer price index is a weighted index of prices that business charge at the wholesale or producer level for final manufactured goods. 

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