South Africa's PPI inflation stood at 2.9% in November 2025, the highest level since July 2024, matching October's reading and slightly above market forecasts of 2.8%. Elevated prices for food, beverages, and tobacco (3.3% vs 3.1% in October), particularly meat (18%); and for furniture and other manufactured goods (11.1% vs 11.2%) were offset by slower growth in coke, petroleum, chemical, rubber, and plastic products (1.5% vs 2.5%), helped by lower fuel costs. On a monthly basis, producer prices were flat in November, after decreasing by 0.1% in the prior month.