(Bloomberg) -- The cost of goods leaving South African factories and mines rose an annual 10.3 percent in March, the fastest pace in more than four years, increasing speculation the central bank may resume raising interest rates.
Producer-price inflation accelerated from an annual 9.5 percent in February, Pretoria-based Statistics South Africa said today. The inflation rate was expected to rise to 9.6 percent, according to the median estimate of 17 economists surveyed by Bloomberg. Prices rose 1.2 percent in the month.
Read more at Bloomberg Emerging Markets News
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