October PPI slows to 6.7%

JOHANNESBURG (Reuters) – South Africa's producer price inflation (PPI) slowed to 6.7 percent year-on-year in October from 6.9 percent in September, the statistics office said on Thursday.

Economists had expected PPI to slow to 6.6 percent year-on-year.

On a month-on-month basis, prices at the factory gate were up 0.3 percent in October after edging up 0.1 percent previously, against market expectations for a 0.14 percent increase.