In flavour tests, supporters of ethically produced food convinced themselves that samples tasted better than normal produce " even when they were no different. In flavour tests, supporters of ethically produced food convinced themselves that samples tasted better than normal produce " even when they were no different.
Johannesburg - South Africa’s producer price inflation (PPI) has slowed to 5.9 percent year-on-year in January from 7.1 percent in December.This is against the market forecast of 6.6 percent.
Statistics South Africa said on Thursday, on a month-on-month basis, PPI inched lower to 0.4 percent from 0.5 percent the previous month. Nedbank said the main drivers of the decrease were "food products, beverages and tobacco products" as well as the "coke, petroleum, chemical, rubber and plastic products" categories, which added 3.1 and 1.6 percentage points respectively.
The bank said inflation would most likely slow down in the months ahead.
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“We still expect the monetary policy committee (MPC) to remain cautious, though, leaving rates at current levels for some time, given the downside risks posed to the rand by a volatile domestic landscape and changing global dynamics,” Nedbank said.
"We expect that the MPC will start easing monetary policy in the second half of the year as inflation moves into the target band on a more sustainable basis. However, a number of outcomes for the year ahead are still possible.”