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🌏 At 7.8%, South Africa's PPI puts a number on the EM commodity divide
The day in view

🌏 At 7.8%, South Africa's PPI puts a number on the EM commodity divide

Macro Soup Newsroom Macro Soup Newsroom 3 min read

South Africa's PPI hit 7.8% year-on-year in May, up from 4.8%, with diesel costs running 53.8% higher. Brazil's IPCA-15 printed above the central bank's tolerance ceiling for a third straight month. Copom cut anyway.

Line chart of South Africa's annual producer price inflation from Jan 2016 to Jan 2026, with 7.8% highlighted for May 2026.
Statistics South Africa reports producer price inflation accelerated to 7.8% year-over-year in May, the highest since April 2023. Source

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