Producer Price Inflation increases 5.2%

File: The National Consumer Commission investigates allegations that stores are selling expired and fake food products to consumers. 

File: The National Consumer Commission investigates allegations that stores are selling expired and fake food products to consumers. 

JOHANNESBURG - The Producer Price Inflation rose to an annual rate of 5.2-percent in March and Stats SA says this is the highest since June 2019.

This is worse than the Bloomberg median estimate of 4.6-percent.

Stats SA explains this is because food product prices, from meat to dairy and grain, have increased.

Food products, together with beverages and tobacco products have increased by 6.8-percent year on year and contributed 2.4 percentage points.

The recent rise in fuel prices has also put upward pressure on the factory gate prices.

Source
eNCA

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