The main contributors to the annual rate of were food products, beverages and tobacco products (1.9 percentage points) and coke, petroleum, chemical, rubber and plastic products (1.6 percentage points).
At 25.17%, the food category makes up the largest portion of PPI.
Investec economist Kamilla Kaplan said last week that inflation would lift marginally "with some upward pressure arising from the fuel price component. The May PPI update is also likely to reflect ongoing manufactured food price disinflation and deflation at the agricultural level."
Source: BDpro
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