South Africa’s producer price inflation slowed less-than-expected in October, figures from Statistics South Africa revealed Thursday.
The producer price index rose 6.7 percent annually after climbing 6.9 percent in September. Economists had forecast an inflation figure of 6.6 percent.
Producer price inflation slowed for the sixth month in a row.
Month-on-month, producer prices increased 0.3 percent in October. Economists were looking for a 0.2 percent gain.
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