South Africa's producer inflation quickened to 7.8% year on year in May, up from 4.8% in April, statistics agency data showed on Thursday. The Producer Price Index increased 2.6% month on month in May, Statistics South Africa said.

Annual producer inflation accelerates sharply for the second month, soaring to 7.8% in May

South Africa's producer inflation quickened to 7.8% year on year in May, up from 4.8% in April, statistics agency data showed on Thursday. The Producer Price Index increased 2.6%…