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The Producer Price Index remained unchanged at 6.6% in May, Statistics South Africa (Stats SA) said on Thursday.<\/p>\n
In April, the PPI \u2013 or price of goods leaving factories and mines \u2013 was at 6.6%.<\/p>\n
\u201cFrom April 2012 to May 2012, the PPI for domestic output increased by 0.5%,\u201d said Stats SA.<\/p>\n
This was due to the increase in electricity prices, mining and quarrying among others while prices of agricultural goods fell by 0.1% over the month.<\/p>\n
Market expectation was that it would ease to 6.4% in May.<\/p>\n
\u201cProducer inflation is expected to moderate as the base effect diminishes and softer global demand contains prices of certain commodities. With inflationary pressure easing, monetary policy will probably remain accommodative, supporting a fragile local economy given considerable downside risks emanating from a weak Europe and slower growth in key emerging markets, including China,\u201d said Nedbank economists.<\/p>\n
\u201cWe therefore expect interest rates to remain unchanged until around March 2013. If global conditions deteriorate dramatically, the chances of either a rate cut or rates remaining unchanged for longer increases,\u201d it said. \u2013 BuaNews<\/p>\n
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The Producer Price Index remained unchanged at 6.6% in May, Statistics South Africa (Stats SA) said on Thursday. In April, the PPI \u2013 or price of goods leaving factories and mines \u2013 was at 6.6%. \u201cFrom April 2012 to May 2012, the PPI for domestic output increased by 0.5%,\u201d said Stats SA. This was due […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[1289,5],"class_list":{"0":"post-11953","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-mype","8":"tag-port-elizabeth-2","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11953"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11953\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}