Home Economy South Africa Inflation Slows In January

South Africa Inflation Slows In January

by RTTNews Staff Writer

South Africa’s consumer price inflation eased in January, figures from Statistics South Africa showed on Wednesday.

The consumer price index rose 5.7 percent year-on-year in January, after a 5.9 percent increase in December. This was in line with economists’ expectations.

The main contribution came from prices of food and non-alcoholic beverages, housing and utilities, transport, and miscellaneous goods and services.

Prices for food and non-alcoholic beverages increased 5.7 percent annually in January and the housing and utilities cost rose by 4.3 percent.

Prices of transport, and miscellaneous goods and services grew by 14.5 percent and 4.6 percent, respectively.

On a month-on-month basis, consumer prices rose 0.2 percent in January, in line with economists’ expectations.

The core inflation, which excludes prices of non-alcoholic beverages, fuels and energy, was 3.5 percent in January. This was in line with economists’ expectations.

On a monthly basis, the core CPI rose 0.2 percent in December, as expected.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.



Source links

Related Articles

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy