South Africa Producer Price Index (PPI) MoM

ZAR
Actual
0.1%
Forecast
0.1%
Previous
-0.6%
Latest Release
Feb 29, 2024
Importance
Overview
The Production Price Index (PPI) for all commodities for South African consumption. All indices are based on producer prices at the point of production in the case of commodities produced in South Africa.The Producers Price Index has two types of indexes. First, the output indexes which measure changes in the prices received by producers. Second, the input indexes which measure changes in the cost of production (excluding labour and capital costs).Inputs indexes: The input indexes measure price changes in costs of production excluding labour and depreciation costs. The input indexes cover the prices of: Materials, Fuels and electricity, Transport and communication, Commission and contract services, Rent and lease of land, buildings, vehicles and plant,Business services, Insurance premiums less claims.
A higher than expected reading should be taken as positive/bullish for the ZAR , while a lower than expected reading should be taken as negative/bearish for the ZAR.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Feb 29, 2024 (Jan) 11:30 0.1% 0.1%
-0.6%
Jan 25, 2024 (Dec) 11:30 -0.6% -0.3%
-0.6%
Dec 14, 2023 (Nov) 11:30 -0.6% 0.1%
1.0%
Nov 30, 2023 (Oct) 11:30 1.0% 1.1%
1.5%
Oct 26, 2023 (Sep) 11:30 1.5% 1.1%
1.0%
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South African PPI News & Analysis
  • © Reuters.  sizes=

    The Rand Tumbles amid Fiscal Concerns

    This week, the South African Rand experienced a significant decline against major currencies, influenced by negative market reactions following the national budget announcement. The Rand is...

    • Sable International
  • © Reuters sizes=

    Rand Continues to Underperform

    The South African Rand continues its woeful performance against almost all traded currencies and has continued to be a standout underperformer. The ZAR closed last week’s trading at R18.93...

    • Sable International
  • © Reuters sizes=

    Rand Report: Further Rand Weakness

    The Rand had a tough week against the major currencies despite a weak dollar. The Rand weakened against the US Dollar from a low of R18.27 to a current rate of R18.74. Similarly, the Rand...

    • Sable International
  •  sizes=

    Rand Report: Decision Time With Risks Looming

    The South African Rand has been trading in a defined range against the Dollar since last week, bouncing between a high of around R19.15 and a low of around R18.86. The British Pound to ZAR...

    • Sable International
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