South Africa’s producer inflation slows to 10.6% y/y in March

FILE PHOTO: Workers harvest spinach at a farm in Klippoortjie, outside Johannesburg, South Africa, April 25, 2022. REUTERS/Siphiwe Sibeko

JOHANNESBURG (Reuters) — South Africa’s producer inflation slowed to 10.6% year-on-year in March from 12.2% in February, statistics agency data showed on Wednesday.

On a month-on-month basis, the producer price index was at 1.0% in March from 0.6% the previous month, Statistics South Africa said.

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