South African Factory Inflation Slows More Than Expected on Fuel
- Annual increase of 4.6% was lower than all analysts’ estimates
- Petrol inflation slowed 11.7 percentage points from October
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South African producer prices rose less than expected last month on slowing fuel inflation that’s expected to ease further in December.
The annual rate declined to 4.6% in November — lower than all eight estimates by economists in a Bloomberg survey — from 5.8% in October, according to data published Thursday by Pretoria-based Statistics South Africa. The median forecast in the poll was 5.1%.