Producer Price Index (PPI) m/m reflects the percentage change in selling prices for goods and services produced by South African industrial companies in the reported month compared to the previous one. The index shows price changes from the perspective of the manufacturer. The value is calculated using basic prices not including VAT and similar taxes directly related to products turnover.
The PPI is used as a leading indicator of inflationary pressures. The indicator growth can have a positive effect on ZAR quotes.