Producer price inflation (PPI) was steady at 9,4percent year-on-year in September, below forecasts. Analysts said the slower than expected factory gate inflation was welcome but was still at levels which would worry a central bank struggling to tame rising prices. "It's a bit of a relief especially after the terrible CPI numbers received yesterday ... but I'm afraid this doesn't change anything," Efficient Research economist Dawie Roodt said.- Reuters
Producer price inflation (PPI) was steady at 9,4percent year-on-year in September, below forecasts. Analysts said the slower than expected factory gate inflation was welcome but was still at levels which would worry a central bank struggling to tame rising prices. "It's a bit of a relief especially after the terrible CPI numbers received yesterday ... but I'm afraid this doesn't change anything," Efficient Research economist Dawie Roodt said.- Reuters