S.Africa’s March PPI slows to 7.2 pc y/y

SOUTH AFRICA’S producer inflation, which represents domestic output, slowed to 7.2 percent year-on-year in March from 8.3 percent in February, Statistics South Africa said on Thursday.

Friday, April 27, 2012

SOUTH AFRICA’S producer inflation, which represents domestic output, slowed to 7.2 percent year-on-year in March from 8.3 percent in February, Statistics South Africa said on Thursday.On a month-on-month basis, prices fell by 0.1 percent in March from a 0.9 percent increase previously.Economists polled by Reuters expected PPI to slow to 7.95 percent year-on-year and 0.6 percent on a monthly basis.