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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SOUTH AFRICA
MNI (London)
*SOUTH AFRICA APRIL PPI +1.8% M/M (FCST 0.9%); MAR +2.5% M/M
*SOUTH AFRICA APRIL PPI +13.1% Y/Y (FCST 12.0%); MAR +11.9% Y/Y
- Factory-gate inflation hit 13.1% y/y in April, up 1.2pp on March and beating expectations by 1.1pp. This is a fresh record high for the series which began in 2013.
- On the month, prices ticked up by 1.8%, also substantially higher than the +0.9% m/m forecasted, however, a slowdown from +2.5% m/m recorded in March.
- Coke, petroleum, chemical, rubber and plastic products were the key driver of the acceleration, up 28.4% y/y and accounting for over half of the y/y increase. This category alone jumped by 4.4% m/m as global energy price pressures intensified following the onset of the Ukraine war.
- Metals, machinery, equipment (+14.1% y/y) and food products, beverages and tobacco (+8.3% y/y) also drove prices higher.
Source: Statistics South Africa
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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