Producer prices in South Africa fell by 0.1% year-on-year in November 2024, following a 0.7% decrease in the prior month, marking the second consecutive period of producer deflation. The main negative contributor to the headline PPI annual inflation rate was coke, petroleum, chemical, rubber and plastic products (-8.1% and contributing -2 percentage points), on account of lower fuel prices. Costs also decreased for paper & printed products (-1.9%) and transport equipment (-0.1%). On a monthly basis, producer prices were flat in November, after a 0.7% fall in the prior month. source: Statistics South Africa

Producer Prices in South Africa decreased 0.10 percent in November of 2024 over the same month in the previous year. Producer Prices Change in South Africa averaged 6.20 percent from 2013 until 2024, reaching an all time high of 18.00 percent in July of 2022 and a record low of -0.70 percent in October of 2024. This page provides the latest reported value for - South Africa Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Producer Prices in South Africa decreased 0.10 percent in November of 2024 over the same month in the previous year. Producer Prices Change in South Africa is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Producer Prices Change is projected to trend around 3.40 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-28 09:30 AM
PPI YoY
Oct -0.7% 1% 0.5%
2024-12-12 09:30 AM
PPI YoY
Nov -0.1% -0.7% -0.3%
2025-01-30 09:30 AM
PPI YoY
Dec -0.1% 0.2%


Related Last Previous Unit Reference
Consumer Price Index CPI 116.10 116.00 points Dec 2024
Core Consumer Prices 113.50 113.50 points Dec 2024
Core Inflation Rate YoY 3.60 3.70 percent Dec 2024
Core Inflation Rate MoM 0.00 0.00 percent Dec 2024
CPI Housing Utilities 114.80 114.60 points Dec 2024
CPI Transportation 114.60 114.10 points Dec 2024
Food Inflation 2.50 2.30 percent Dec 2024
Inflation Rate YoY 3.00 2.90 percent Dec 2024
Inflation Rate MoM 0.10 0.00 percent Dec 2024
PPI MoM 0.00 -0.70 percent Nov 2024
Producer Prices 100.50 100.50 points Nov 2024
PPI YoY -0.10 -0.70 percent Nov 2024

South Africa Producer Prices Change
In South Africa, Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.70 18.00 -0.70 2013 - 2024 percent Monthly
Dec 2023=100, NSA


News Stream
South African Producers Face Deflation for 2nd Month
Producer prices in South Africa fell by 0.1% year-on-year in November 2024, following a 0.7% decrease in the prior month, marking the second consecutive period of producer deflation. The main negative contributor to the headline PPI annual inflation rate was coke, petroleum, chemical, rubber and plastic products (-8.1% and contributing -2 percentage points), on account of lower fuel prices. Costs also decreased for paper & printed products (-1.9%) and transport equipment (-0.1%). On a monthly basis, producer prices were flat in November, after a 0.7% fall in the prior month.
2024-12-12
South Africa Producer Prices Drop in October
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.
2024-11-28
South Africa Producer Inflation Hits 2020-Lows
The annual producer price inflation in South Africa fell for the third month to hit 1% in September 2024, easing from 2.8% in the prior month. This was the softest reading since June 2020, primarily driven by a drop in prices for coke, petroleum, chemical, rubber, and plastic products (-5% vs 2.1% in August), of which fuels. Transport equipment costs also decreased (-1.2% vs -1.7%). On a monthly basis, producer prices fell by 0.3% in September, the same rate as in the previous month.
2024-10-31