South Africa’s producer inflation slows to 5.0% year-on-year in August | CNBC Africa

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FILE PHOTO: A customer compares prices while shopping at a Pick and Pay shop in East London, in the Eastern Cape province, South Africa, March 17, 2023. REUTERS/Siphiwe Sibeko/File Photo

JOHANNESBURG, Sept 30 (Reuters) – South Africa’s producer inflation slowed to 5.0% year-on-year in August, from 5.7% in July, statistics agency data showed on Wednesday.

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