PRICES that producers pay during production
are rising, indicated by the producer price index (PPI) for final
manufactured goods increasing to 4.3% year on year in November from 4.2%
year on year in October.
That 4.3% was the highest rate since December last year, Statistics SA data showed on Thursday.
Higher producer inflation suggests consumers may pay more for goods on the shelves.
From October to November, PPI increased 0.1%.
Higher food, wood and machinery prices were the main contributors to the 4.3% increase in producer inflation.
Stats SA also compiles the producer price indices of four other components: intermediate manufactured goods, electricity and water, mining, and agriculture, forestry and fishing.
The annual PPI for intermediate manufactured goods increased in November compared with October due to higher numbers from saw milling and wood products and from textiles and leather goods.
The annual PPI for electricity and water increased, but at a slower pace in November compared with October. Electricity and water tariffs have gone up significantly this year, adding to the production costs of businesses.
The annual PPI for mining increased in November compared with a decline in October.
The annual PPI for agriculture, forestry and fishing rose sharply in November compared with October on higher agricultural products. A drought has caused production shortages, imports, and higher prices for the likes of maize.
That 4.3% was the highest rate since December last year, Statistics SA data showed on Thursday.
Higher producer inflation suggests consumers may pay more for goods on the shelves.
From October to November, PPI increased 0.1%.
Higher food, wood and machinery prices were the main contributors to the 4.3% increase in producer inflation.
Stats SA also compiles the producer price indices of four other components: intermediate manufactured goods, electricity and water, mining, and agriculture, forestry and fishing.
The annual PPI for intermediate manufactured goods increased in November compared with October due to higher numbers from saw milling and wood products and from textiles and leather goods.
The annual PPI for electricity and water increased, but at a slower pace in November compared with October. Electricity and water tariffs have gone up significantly this year, adding to the production costs of businesses.
The annual PPI for mining increased in November compared with a decline in October.
The annual PPI for agriculture, forestry and fishing rose sharply in November compared with October on higher agricultural products. A drought has caused production shortages, imports, and higher prices for the likes of maize.
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