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PPI comes in lower at 10.3%
South Africa's Production Price Index (PPI) has dipped a further 0.1 of a percentage point to 10.3% year-on-year, Statistics South Africa (Stats SA) revealed Thursday, 30 August 2007, writes Michael Appel.
The July 2007 PPI figure follows a downward trend that began in June of this year when PPI jumped from 11.3% in May to 10.4 in June.
According to Stats SA data, the lower PPI figure can be attributed to decreases in the annual rates of change in the production price indices for basic metals, chemical products, transport equipment, medical, precision and optical instruments, and petroleum and coal.
Read the full article on Bizcommunity.com's Retail portal.
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