South African Producer Prices Grow At A Slower Pace In August

Sep 27, 2007 - South African producer prices index rose 9.4 percent year-over-year in August, the Statistics South Africa said Thursday. In July, the index climbed 10.3%.

The statistical office said that the lower PPI figure can be attributed to decreases in the annual rates of change in the production price indices for electrical machinery and apparatus, basic metals, metal products, products of petroleum and coal, furniture, paper products, electricity and communications equipment.

These decreases were partially counteracted by increases in the annual rates of change for agricultural products that increased to 25.1 percent in August of this year from 22.7 percent at July 2007.

On a monthly basis, the PPI for all commodities for consumption in South Africa increased by 0.7 percent in August.