South Africa’s Producer Price Index (PPI) growth steadied in February 2026, with month‑on‑month inflation coming in at 0.0%, up from a decline of -0.2% in January 2026. The February reading, updated on 26 March 2026, indicates that producer prices neither rose nor fell on average compared with the previous month.
The data suggest a pause in the mild deflationary trend seen at the start of the year, when January’s PPI had contracted versus the preceding month. On a month‑over‑month basis, the latest figure shows that cost pressures at the factory gate have levelled off, potentially easing immediate concerns over input‑price volatility for businesses.
The comparison period covers changes from January to February 2026, with the “actual” figure reflecting February’s movement against January, and the “previous” figure capturing January’s movement relative to the month before. This stabilisation at 0.0% may be watched closely by market participants for signals on future pricing dynamics and the broader inflation outlook.
