Producer price index and year on year inflation rates

The Producer Price Index measures the average change in selling prices received by producers of goods and services over time. 

It reflects how much producers are charging for their products, often before they reach consumers.

The third quarter year-on-year producer inflation rate was -3.64 per cent in September 2024 compared to 9.83 per cent recorded in September 2023.

The index decreased from 140.35 in September 2023 to 135.24 in September 2024.