South Africa's producer price inflation rose in October, figures from Statistics South Africa showed on Thursday.
The producer price index rose 8.1 percent year-on-year in October, after a 7.8 percent increase in September. Economists had expected inflation to rise 8.0 percent.
The main contribution for the increase in prices came from coke, petroleum, chemical, rubber and plastic products, food products, beverages and tobacco products, and metals, machinery, equipment and computing equipment in October.
Producer prices for mining industry gained 4.8 percent annually in October and prices for electricity and water increased 14.4 percent.
Prices for agriculture, forestry and fishing, and intermediate goods rose by 8.6 percent and 20.4 percent, respectively.
On a monthly basis, producer prices rose 0.7 percent in October. This was in line with economists' expectation.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.