South Africa's PPI inflation climbed further to 4.8% in April 2026 from 2.3% in the prior month, marking the highest reading since April 2024. Upward pressure came mainly from coke, petroleum, chemical, rubber and plastic products (+11.8%), particularly fuels amid recent increases linked to the Middle East conflict, as well as food, beverages and tobacco products (+1.9%) and paper and printed products (+6.4%). On a monthly basis, producer prices jumped by 3% in April, after a 1.1% increase in the previous month.