Producer Price Index (PPI) y/y shows percentage changes in selling prices for goods and services produced by South African producers, in the specified month compared to the same month of the previous year. 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.