Thursday, April 26, 2007

S.Africa producer price jump boosts rate hike risk

(Reuters) - South Africa's factory gate inflation soared to a four-year high of 10.3 percent year-on-year in March, above forecasts and raising the risk that interest rates rise again, data showed on Thursday.

The jump from 9.5 percent year-on-year in February's PPI hardens the case for the central bank to resume raising rates, particularly after a leap in the CPIX consumer price measure, targeted by the central bank, which were released on Wednesday.


Read more at Reuters Africa

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