FX.co ★ South Africa’s Producer Inflation Holds Steady at 2.9% Year-on-Year in December

South Africa’s Producer Price Index (PPI) inflation remained unchanged at 2.9% year-on-year in December 2025, matching the revised November 2025 reading of 2.9%. The data, updated on 29 January 2026, indicates that factory-gate inflation has stabilized at relatively low levels heading into the end of the year.

The PPI figure is based on a year-over-year comparison, measuring the change in producer prices in December 2025 against December 2024. Similarly, the previous reading reflected the change in November 2025 relative to November 2024. The unchanged pace of producer inflation suggests that cost pressures at the production level neither intensified nor eased between November and December, offering a neutral signal for future consumer price trends and monetary policy expectations.