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Consumer inflation drops to 4 9% in June
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S Africa s consumer inflation rises to over 4 pct in April - World News
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Annual inflation for April increased to 4.4%.
April consumer inflation accelerated to 4.4% year-on-year, slightly higher than the market consensus of a lift to 4.3% year-on-year.
Stats SA on Wednesday released April s figures, which is the highest reading since before lockdown. Over the last 14 months, consumer price inflation was relatively subdued, bottoming out at 2.1% in May 2020 - this was the lowest reading in 15 years, said Stats SA s Chief Director for Price Statistics, Patrick Kelly.
April s annual inflation was mainly driven by higher transport and food prices.
#CPI inflation hit a 14-month high in April, mainly driven by rising #transport and food prices. The rate was 4,4%, up from 3,2% in March.
2021-04-21 15:31:00 GMT2021-04-21 23:31:00(Beijing Time) Xinhua English
JOHANNESBURG, April 21 (Xinhua) South Africa s annual consumer price inflation (CPI) rose to 3.2 percent in March, up from 2.9 percent in February, said Statistics South Africa (Stats SA) on Wednesday.
Patrick Kelly, Chief Director for Price Statistics, said the change was mainly contributed by the increase in prices of food and non-alcoholic beverages. Annual inflation for food and non-alcoholic beverages edged up to 5.7 percent in March from 5.2 percent in February. Products that recorded annual price rises above the 5.7 percent average included oils and fats, he said.
He said that fuel prices in March were around 2.3 percent higher compared to the same month last year.
Utleieprisene faller i Oslo
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