"Specifically, this grouping in which fuel price dynamics are captured, detracted -2.0% from the topline PPI reading in June compared to -2.3 % in May." In June the petrol price was increased by R1.18/l, which slowed the rate of petrol price deflation, Hodes said. Potential fuel price increases for July are expected to push up July's producer inflation. Manufactured food price inflation for June of 3.8%, slightly lower than that the 4.2% recorded in May. "We expect food price inflation to remain well contained in the near-term," she added.

Source: News 24 July 30, 2020 14:03 UTC