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Producer inflation below forecasts
July 30, 2009

Johannesburg - South Africa's producer price inflation stood at -4.1 percent year-on-year in June from -3.0 percent in May, Statistics South Africa said on Thursday.

On a monthly basis PPI, representing domestic output, was 1.5 percent compared with -1.1 percent in May.

Imported commodities inflation stood at -17.9 percent year-on-year in June compared with -16.7 percent the month before, while exported commodities inflation was at -9.7 percent year-on-year from -6.0 percent previously.


Economists polled by Reuters last week forecast that annual PPI would come in at -3.8 percent and quicken to 1.8 percent on a monthly basis. - Reuters
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