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Monday, May 16, 2022

S/Africa’s consumer price inflation rises to 4.9% y/y in August

South Africa’s headline consumer price inflation quickened to 4.9 percent year on year in August from 4.6 percent in July, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, the consumer price index was at 0.4 percent in August from 1.1 percent in the previous month.

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Core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, edged up slightly to 3.1 percent year on year in August, from 3.0 percent previously.

On a month-on-month basis core inflation was at 0.3 percent from 0.5 percent previously.

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