South Africa Factory Inflation Quickens on Food, Machinery Costs
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South African producer prices rose faster than analysts expected last month on higher food, metals and machinery prices.
The annual rate jumped to 4.3% in August — higher than all eight estimates from economists in a Bloomberg survey — from 2.7% in July, according to data published Thursday by Pretoria-based Statistics South Africa. The median forecast in the poll was 3.7%.