Analysts polled by Reuters expect producer inflation to fall
to 10.95% in annual terms from 12.2% in February, but in
month-on-month terms they see it rising to 1.4% from 0.6% in
February.
South Africa's central bank said on Tuesday in a biannual
monetary policy document that elevated core inflation was
expected to slow the pace of disinflation in the near term.
(Reporting by Alexander Winning; Editing by Andrew Heavens)
JOHANNESBURG, April 26 (Reuters) - The South African
rand was slightly stronger in early trade on Wednesday as the
dollar slipped on global markets, before the release of producer
inflation figures later in the day.
At 0630 GMT, the rand traded at 18.3325 to the dollar , up about 0.2% on its Tuesday close.
The dollar was down about 0.1% against a basket of
currencies .
Statistics South Africa will publish the March producer
price index at 0930 GMT, shedding
further light on inflationary pressures in Africa's most
industrialised economy.
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