another inflation shocker

Factory prices in April were on average 11,1percent higher than the same month last year, the Producer Price Inflation (PPI) data released by Statistics South Africa showed yesterday. Producer inflation tends to foreshadow consumer inflation, so the higher-than-expected figure increases the likelihood of the reserve bank raising interest rates next Thursday. - Staff Reporter

Factory prices in April were on average 11,1percent higher than the same month last year, the Producer Price Inflation (PPI) data released by Statistics South Africa showed yesterday. Producer inflation tends to foreshadow consumer inflation, so the higher-than-expected figure increases the likelihood of the reserve bank raising interest rates next Thursday. - Staff Reporter

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