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18.12.202509:45:11UTC+00South Africa PPI Inflation Steady at Over 1-Year High of 2.9%

In November 2025, South Africa's Producer Price Index (PPI) inflation reached 2.9%, marking its highest point since July 2024. This figure was in line with October's level and slightly exceeded market predictions of 2.8%. The increase was largely driven by higher costs in food, beverages, and tobacco sectors, which rose to 3.3% from 3.1% in October—particularly in the meat category, which surged by 18%. Meanwhile, the costs for furniture and other manufactured goods saw a slight decrease at 11.1% from 11.2%. These increases were counterbalanced by a slower rise in the prices of coke, petroleum, chemical, rubber, and plastic products, decreasing to 1.5% from 2.5%, aided by reduced fuel expenses. On a monthly basis, producer prices remained stable in November, following a 0.1% decrease in the previous month.

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