South African Producers Face Deflation for 2nd Month
2024-12-12
Category: economic

Producer prices in South Africa fell by 0.7% year-on-year in October 2024, following a 1% rise in the prior month.
The main downward pressure came from the costs of coal and petroleum products (-18.6% vs -10.6% in September), driven by lower fuel prices.
Prices also decreased for paper and printed products (-1.5% vs 2.3%) and transport equipment (-0.9% vs -1.2%).
On a monthly basis, producer prices decreased by 0.7% in October, after a 0.3% fall in the prior month.