Uncategorized 26.9.2013 03:31 pm

PPI increases

Image courtesy stock.xchnge

Image courtesy stock.xchnge

The producer price index (PPI) for final manufactured goods stood at 6.7 percent in August — up from 6.6 percent in July, Statistics SA (StatsSA) said on Thursday.

The main contributors to the annual rate were food products, beverages and tobacco products, coke, petroleum, chemical, rubber, and plastic products.

From July to August the PPI for final manufactured goods increased by 0.8 percent. The main contributors to this monthly increase were the same as the annual rate, but also included electrical machinery and apparatus and computing equipment.

The PPI measures the cost of a basket of goods needed by a typical commodity producer and measures inflation at factories, mines, and farms. According to StatsSA, the annual percentage change in the PPI for intermediate manufactured goods was 11.1 percent in August, compared to 9.4 percent in July.

“From July 2013 to August 2013 the PPI for intermediate manufactured goods increased by 1.9 percent,” it said in a release. The main contributors to the annual rate were basic and fabricated metals, chemicals, and rubber, and plastic products.

For electricity and water, the annual percentage change in the PPI was 3.6 percent in August, compared with 5.6 percent in July. From July to August, the PPI for electricity and water decreased by 1.6 percent.

For August the annual percentage change in PPI for mining was 10.4 percent, up from seven percent in July.

The main contributor to the annual rate was non-ferrous metal ores, while the main contributors to the monthly increase of 3.9 percent were non-ferrous metal ores and gold and other metal ores.

The annual percentage change in the PPI for agriculture, forestry, and fishing was 3.5 percent in August, compared to 1.4 percent in July. From July to August the PPI for agriculture, forestry, and fishing increased by one percent.

Sapa

 

 

 

 

 

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