S.Africa’s June PPI drops to 8.1% - CNBC Africa

S.Africa’s June PPI drops to 8.1%

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PPI was 8.7% in May 2014 from 8.8% in April. PHOTO: Getty Images

The main contributors to the Producer Price Index (PPI) include beverages and tobacco products in the food products category, which declined to 7.6 per cent year on year from 7.8 per cent year on year in May, as well as coke, petroleum, chemical, rubber and plastic products, which declined to 9.3 per cent year on year from 11.3 per cent year on year in May.

“The annual percentage change in the PPI for intermediate manufactured goods was 9.0 per cent in June 2014, compared with 9.8 per cent in May 2014. From May 2014 to June 2014 the PPI for intermediate manufactured goods increased by 0.2 per cent,” Statistics South Africa explained.

(READ MORE: S.Africa's PPI slows to 8.7 per cent in May)

The main contributors to the annual rate of 9.0 per cent were chemicals, rubber and plastic products at 9.9 per cent year-on-year. In May, the main contributors to the annual rate were basic and fabricated metals at 9.4 per cent year on year.

The annual percentage change in the PPI for electricity and water was 8.2 per cent in June from 9.7 per cent in May. Electricity was the contributor to the monthly increase of 32.9 per cent.

In mining, the annual percentage change in the PPI for the industry was 5.8 per cent in June 2014, compared to 4.9 per cent in May.

In agriculture, forestry and fishing, the annual percentage change in the PPI was 4.5 per cent in June 2014, compared with 6.7 per cent in May.

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