{"id":466890,"date":"2026-05-29T23:35:37","date_gmt":"2026-05-29T23:35:37","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/466890\/"},"modified":"2026-05-29T23:35:37","modified_gmt":"2026-05-29T23:35:37","slug":"south-africas-producer-inflation-hits-a-record-high-surge-not-seen-in-16-years","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/466890\/","title":{"rendered":"South Africa’s producer inflation hits a record high surge not seen in 16 years"},"content":{"rendered":"


\n For April, South Africa\u2019s producer inflation reached 3%, a 172.7% jump from 1.1% the previous month, owing to the conflict in the Gulf region. \n <\/p>\n


\n Specifically, the inflation surge was a result of higher fertilizer and energy costs tied to America\u2019s conflict with Iran. \n <\/p>\n


\n Tensions involving Iran and the closure of the Strait of Hormuz, a critical oil shipping route, have sent shockwaves through global supply chains. \n <\/p>\n


\n The strait is also an important supply route for liquefied natural gas, oil, and about a third of the nitrogen fertiliser trade. \n <\/p>\n


\n Data from Pretoria-based Statistics South Africa revealed that the inflation spike is the largest seen since 2012. \n <\/p>\n


\n A Bloomberg<\/a> survey of five analysts yielded a median forecast of 2.8%. \n <\/p>\n


\n In April, the annual rate reached a two-year high, rising to 4.8% from 2.3% the preceding month. \n <\/p>\n


\n The coke, petroleum, chemicals, rubber, and plastic products sectors primarily drove this increase in both annual and monthly rates. \n <\/p>\n


\n Governor Lesetja Kganyago warned that there has already been \u201cone global inflation surge this decade, and we may well be starting another.\u201d \n <\/p>\n


\n In such situations, central banks must maintain their credibility and prevent inflation from becoming entrenched, he said. \n <\/p>\n


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\n South Africa\u2019s struggles resulting from Iran\u2019s war
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\n \n <\/p>\n


\n Before the end of March, reports showed that over 140 petrol stations struggled to meet demand ahead of record price hikes in April. \n <\/p>\n


\n According to industry figures<\/a>, 143 service stations ran out of diesel and 136 were dry of petrol as motorists rushed to fill up ahead of expected price hikes. \n <\/p>\n


\n By April, Bloomberg\u2019s analysis revealed that Johannesburg\u2019s benchmark stock index was on track for its worst month in nearly two decades, as the war in Iran dampened demand for emerging-market assets. \n <\/p>\n


\n The precious metals and mining sector, which accounts for almost a quarter of the index, has fallen 27% since the Middle East crisis began, wiping out the year’s previous gains as gold and platinum prices collapsed. \n <\/p>\n","protected":false},"excerpt":{"rendered":" For April, South Africa\u2019s producer inflation reached 3%, a 172.7% jump from 1.1% the previous month, owing…\n","protected":false},"author":2,"featured_media":466891,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-466890","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/466890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=466890"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/466890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/466891"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=466890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=466890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=466890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}