Producer price inflation (PPI) has reached double-digit growth for the first time since 2008 according to Statistics South Africa (StatsSA) which says the year-on-year (y/y) growth was 10,5% in September.
However, the month-on-month increase in PPI was -3,3%, due in part to the lower electricity tariffs charged by Eskom after the winter period. Commodity prices have remained volatile, falling in August and September in the wake of fears of a double-dip recession hitting foreign markets.
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