IMPROVING LIVES THROUGH DATA ECOSYSTEMS

Sharp decreases in the prices of manufactured petroleum products drove producer inflation down, from 6,5% year-on-year in November to 5,8% in December. However, there were noticeable increases in year-on-year prices for meat, tobacco and dairy products.

Stats SA’s latest Producer Price Index publication, released on Thursday, 29 January 2015, shows that prices for final manufactured coke and petroleum products decreased by 14,7% year-on-year in December. Noticeable year-on-year increases were recorded for the following products: meat (15,1%), tobacco (10,2%) and dairy (11,7%).

The main contributors to the annual rate of 5,8% were food products, beverages and tobacco products (8,0% year-on-year and contributing 2,9 percentage points) and metals, machinery, equipment and computing equipment (9,1% year-on-year and contributing 1,3 percentage points).

Annual PPI for mining increased with 1,8% in December due to slightly higher prices for coal, gold, platinum and other metal ores.

Monthly PPI for agriculture increased with 1,9% in December due to price increases in maize, wheat, fruit, vegetables, milk and eggs.

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