FX.co ★ South Africa’s Producer Inflation Cools Further to 1.8% in February

South Africa’s Producer Price Index (PPI) inflation eased to 1.8% year-over-year in February 2026, down from 2.2% in January 2026, signaling continued disinflation at the factory gate level. The latest figures, updated on 26 March 2026, show producer prices rising at a slower annual pace compared with the same month a year earlier.

The January reading of 2.2% and February’s 1.8% are both measured on a year-over-year basis, meaning each month’s change is compared with the corresponding month in the previous year. The further moderation in February suggests reduced cost pressures in the production segment of the economy, which could, over time, feed into consumer prices and influence broader inflation dynamics.