Financial News: S. Africa Producer Price Inflation Slows In February

S. Africa Producer Price Inflation Slows In February

03/27/2025 - 06:27:00 (RTTNews)

(RTTNews) - South Africa's producer prices rose for a third month in a row in February, but the pace of increase eased slightly, preliminary data from Statistics South Africa showed on Thursday.

The producer price index rose 1.0 percent year-on-year in February following a 1.1 percent increase in January. Economists were looking for a 1.3 percent climb. The main contributor to the headline PPI annual inflation rate was food products, beverages and tobacco products, where prices rose 4.2 percent and contributed 1,2 percentage points, the statistical office said.

The PPI rose 0.4 percent from the previous month, which was slower than the 0.7 percent increase economists had forecast.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May (10 min(s), 52 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month ...Full Story»

U.S. Import, Export Prices Unexpectedly Inch Higher In April (07 min(s), 52 sec(s) ago)
(RTTNews) - The Labor Department released a report on Friday unexpectedly showing modest increases ...Full Story»

U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply (03 min(s), 52 sec(s) ago)
(RTTNews) - While the Commerce Department released a report on Friday showing a rebound by new res ...Full Story»

Eurozone Trade Surplus Surges On Exports To US (17 min(s), 52 sec(s) ago)
(RTTNews) - The euro area trade surplus grew strongly in March as exports to the U.S increased sha ...Full Story»

U.S. Import, Export Prices Unexpectedly Inch Up 0.1% In April (31 min(s), 52 sec(s) ago)
(RTTNews) - The Labor Department released a report on Friday unexpectedly showing modest increases ...Full Story»

U.S. Housing Starts Rebound In April But Building Permits Pull Back Sharply (24 min(s), 52 sec(s) ago)
(RTTNews) - While the Commerce Department released a report on Friday showing a rebound by new res ...Full Story»

Hong Kong Q1 GDP Growth Confirmed At 3.1% (53 min(s), 52 sec(s) ago)
(RTTNews) - Hong Kong's economy expanded at an accelerated pace as initially estimated in th ...Full Story»

Italy Trade Surplus Shrinks In March (27 min(s), 52 sec(s) ago)
(RTTNews) - Italy's foreign trade surplus decreased in March from a year ago as imports grew f ...Full Story»