StatsSA has released findings on the PPI for August 2021, reporting an increase of 7.2 percent on producer price inflation and a month-on-month index increase of 0.8 percent.
Statistics South Africa (StatsSA) released its statistical report on the Producer Price Index for August 2021, noting that the annual producer price inflation (PPI) for final manufacturing had increased by 7.2 percent in August 2021, up from 7.1 July 2021. The producer price index increased by 0.8 percent month-on-month in August 2021.
For final manufactured goods, the main contributors to the headline PPI annual inflation were coke, petroleum, chemical, rubber and plastic products, as well as food products, beverages and tobacco products and metals, machinery, equipment and computing equipment.
The annual percentage change in the PPI for intermediate manufactured goods was 17.7 percent in August 2021. For electricity and water, the percentage change was 17.5 percent, compared to 13.9 percent in July 2021. The annual percentage change in PPI for the mining industry was 11.0 percent in August 2021, compared to July’s 15.3 percent, while agriculture, forestry and fishing reported an annual 8.6 percent change.
See the post below.
Annual headline producer price #inflation was 7,2% in August, up from 7,1% in July.
— Stats SA (@StatsSA) September 30, 2021