South Africa’s producer inflation slows to 12.2% y/y in February

JOHANNESBURG (Reuters) – South Africa’s producer inflation slowed to 12.2% year on year in February from 12.7% in January, statistics agency data showed on Thursday.

On a month-on-month basis, the producer price index was at 0.6% in February from -0.6% the previous month, Statistics South Africa said.

(Reporting by Anait Miridzhanian and Nellie Peyton; Editing by Olivia Kumwenda-Mtambo)