South Africa Producer Inflation Up on Double Digit Jump in Fuel Prices
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South African producer inflation rose for a third straight month in October after a double-digit jump in gasoline prices, but subsequent declines in fuel costs could ease pressures going forward.
The annual rate jumped to 5.8% in October — the same as a median of seven estimates from economists in a Bloomberg survey — from 5.1% the month before, according to data published Thursday by Pretoria-based Statistics South Africa.