South Africa PPI Inflation Slows to 5-Month Low

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South Africa’s PPI inflation was at 2.2% in January 2026, the lowest since August last year, down from a more-than-one-year high of 2.9% recorded in each of the prior three months. The slowdown was largely driven by falling fuel prices during the month, with petrol down 5.3% and gasoline down 4.8%. On a monthly basis, producer prices fell by 0.2% in January, after increasing by a similar margin in the previous month.

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