SA prices may have peaked, index suggests
An index tracking purchasing prices in South Africa’s manufacturing industry fell to its lowest level in more than three years in December, suggesting that cost pressures have peaked.
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An index tracking purchasing prices in South Africa’s manufacturing industry fell to its lowest level in more than three years in December, suggesting that cost pressures have peaked.
The decline in the producer price index stoked optimism among manufacturers, with the gauge tracking expected business conditions in six months’ time rising.
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