South Africa Inflation Rate Slows To 6.6% in January


Consumer prices in South Africa rose 6.6 percent year-on-year in January of 2017, following a 6.8 percent gain in December and below market expectations of a 6.7 percent increase, as prices went up at a slower pace for food and non-alcoholic beverages.

Year-on-year, cost increased less for: food and non-alcoholic beverages (11.4 percent from 11.7 percent in December of 2016), alcoholic beverages and tobacco (3.5 percent from 5.5 percent), clothing and footwear (5.1 percent from 5.3 percent), recreation and culture (3.7 percent from 7.6 percent) and restaurants and hotels (6.2 percent from 7.1 percent).

Additional upward pressure came from: housing and utilities (5.6 percent, the same pace as in the previous month), miscellaneous goods and services (7.7 percent from percent 7.6 percent), transport (6.7 percent from 5.7 percent) and household contents and services (4.2 percent from 4 percent).

On a monthly basis, consumer prices went up 0.6 percent after a 0.4 percent gain in a month earlier. Transport prices rebounded (+1.5 percent from -0.4 percent in December), and cost rose faster for food and non-alcoholic beverages (1.6 percent from 0.8 percent) and miscellaneous goods and services (0.8 percent from 0.1 percent).

The core inflation which excludes prices of food, non-alcoholic beverages, petrol and energy fell to 5.5 percent from 5.9 percent in the previous month.


South Africa Inflation Rate Slows To 6.6% in January


Statistic of South Africa | Deborah Neves | deborah.neves@tradingeconomics.com
2/15/2017 8:47:19 AM