March producer inflation rises sharply

PUBLISHED: Thu, 25 Apr 2019 10:47:33 GMT


Producer inflation increased rapidly in March as the effects of higher fuel and food prices started to bite. The price producers pay at the factory gate leaped to 6.2 per cent in March from 4.7 per cent in February. This is much higher than economists had forecast and means consumers are at risk of paying more for goods and services. Jason Welz, Commodity and Materials Analyst at Afriforesight joins CNBC Africa for more.

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