South Africa’s producer inflation slows to 10.6% y/y in March

JOHANNESBURG (Reuters) – South Africa’s producer inflation slowed to 10.6% year-on-year in March from 12.2% in February, statistics agency data showed on Wednesday.

On a month-on-month basis, the producer price index was at 1.0% in March from 0.6% the previous month, Statistics South Africa said.

(Reporting by Anait Miridzhanian; Editing by Alexander Winning)