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Resources: Producer Prices Ease on Stronger Rand

 





Recent Gauteng Business News

PRICES at the country’s factories, farms and other producers fell 4% last month compared with August last year — the fourth fall in a row.

A stronger rand was the main driver of the drop as it contributed to a reduction in imported factory input costs.

The year-on-year drop compared with a 3,8% decline in July. Statistics SA said this week that on a monthly basis, the producer price index (PPI) fell to 0,3% compared with 2,9% in July, indicating a slowing in the pace of the fall in prices.

The slowing pace could also signal that PPI is bottoming out and that prices will start increasing at a faster pace.

The rand has strengthened by about 27% against the dollar this year, reducing import costs and easing pressure on consumer- price inflation, which slowed to a 29-month low of 6,4% last month...

The full article can be found at BusinessDay.co.za


 
 
 
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