PPI slows down
FMCG SUPPLIER NEWS
Fin24/ Sapa - Dec 17th, 07:51
Johannesburg - The year-on-year producer price index (PPI) slowed to 5.8% last month, compared to 6.3% in October, Statistics SA (Stats SA) has said.
However, the PPI for final manufactured goods increased by 0.2% from October to November.
Stats SA said the main contributors to the slowing were food products, beverages, tobacco products, metals, machinery, equipment and computing equipment, and transport equipment.
The main contributor to the increase was food products, beverages and tobacco products.
The PPI measures the cost of a basket of goods needed by a typical commodity producer and measures inflation at factories, mines, and farms.
The annual percentage change in the PPI for intermediate manufactured goods was 7.5% in November, compared with 7.7% in October 2013.
From October to November, the PPI for intermediate manufactured goods increased by 0.1%.
The main contributors to the annual rate were chemicals, rubber and plastic products, basic and fabricated metals and textiles and leather goods.
The main contributors to the monthly increase were textiles and leather goods, and sawmilling and wood.
The annual percentage change in the PPI for electricity and water was 15.8% in November, compared with 14.6% in October.
From October to November, the PPI for electricity and water was unchanged.
The annual percentage change in the PPI for mining was 1.4% in November, compared with -0.2% in October.
From October to November, the PPI for mining increased by 1.5%.
The main contributors to the annual and monthly rates were non-ferrous metal ores and coal and gas.
In November, the annual percentage change in the PPI for agriculture, forestry, and fishing was 2.8%, compared with 1.8% in October.
The PPI for agriculture, forestry, and fishing increased by 2.5% from October to November.
The main contributor to both figures was agriculture.From Fin24.com
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