South Africa's PPI inflation eased for the second month to 1.8% in February 2026, marking the lowest since July, compared to 2.2% in the prior month. Costs declined further for coal and petroleum products (-8.9% vs -4.1% in January), largely on account of fuels such as petrol (12.8% vs -5.3%) and diesel (-12.4% vs -4.8%). At the same time, price growth softened a bit for some items, including food products, beverages and tobacco products (2.3% vs 2.4%); paper and printed products (4.9% vs 5%) and furniture and other manufacturing (12.1% vs 12.2%). On a monthly basis, producer prices were flat, after decreasing by 0.2% in the previous month.