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September PPI remains unchanged

24th October 2002

By: Terence Creamer
Creamer Media Editor

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Statistics South Africa says the all-commodities Producer Price Index (PPI) for September remained unchanged from the previous month at 15,4%.

The Producer Price Index measures changes in the wholesale prices of finished goods.

It says the annual percentage change in the PPI for locally produced commodities slowed down last month. It stood at 14,9% compared to 15,3% in August.

Releasing the PPI figures in Pretoria today, Stats SA said the monthly decrease of 0,6% in the PPI for locally produced commodities for consumption in South Africa was due to a monthly decrease in the price index of electricity.

The September PPI figure for imported commodities stood at 16,7% - up from 15,6% in August.

This was mainly due to annual increases in the price indices for non-electrical machinery and equipment (three percentage points), and mining and quarrying products (2,8%).

"The annual rise in the price indices for petroleum and coal was 12,2% and for metal products 11,3%," the statistics body said, adding that these rates were partially counteracted by the lower annual rates of increase in the price indices for electricity.

It said the price index for electricity showed a lower rate of increase (-15,3%) as did that for clothing (8,5%).

Other counteracting factors were transport equipment which had a 12,6% rate of increase, and non-metallic mineral products with 15,3% - BuaNews.

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