2026.04.3009:45:07UTC+00South Africa PPI Inflation Accelerates to 2.3% in March

South Africa’s producer price inflation accelerated to 2.3% in March 2026, up from a seven-month low of 1.8% in February. The main positive contributions came from food products, beverages and tobacco (2.2%, slightly lower than 2.3% in February), and from furniture and other manufacturing, where prices rose sharply (14.1% vs 12.1%). Price growth also picked up for non-metallic mineral products (7.1% vs 6.5%), electrical machinery and communication and metering equipment (3.9% vs 2.5%), and transport equipment (1% vs 0.4%). Meanwhile, prices for coal and petroleum products continued to decline, but at a slower rate (-4.8% vs -8.9%). On a monthly basis, producer prices rose 1.1% in March, the largest monthly increase since March 2024, following no change in the previous month.