FX.co ★ South Africa PPI Inflation Rate Rises Less than Expected

Producer Price Index (PPI) inflation in South Africa increased for the fourth consecutive month, reaching 2.3% in September 2025, up from 2.1% in August. This rise, however, fell short of analysts' predictions of 2.6%. The September reading was the highest since August 2024, largely driven by price changes in several sectors. Prices for food, beverages, and tobacco products saw an increase of 3.8%, down from 4.3% in August. The textiles, clothing, and footwear category maintained a 4.1% increase, mirroring the previous month. Sectoral shifts also included a reversal from a 1% decrease to a 0.5% increase in the coke, petroleum, chemical, rubber, and plastic products group, while prices for metals, machinery, equipment, and computing equipment rose slightly to 1% compared to 1.1% in August. On a month-to-month comparison, the PPI experienced a minor decline of 0.1% in September, following a 0.3% rise in the prior month.