South Africa Inflation Rate Eases in April

Consumer prices in South Africa rose 6.2 percent year-on-year in April of 2016, slowing from a 6.3 percent increase in the previous month. Figures came marginally lower than market expectations, as petrol cost fell while food prices rose at a faster pace.

Compared to April 2015, cost of transport increased at a slower 2.7 percent (+4.5 percent in March) due to a fall in petrol prices (-2.7 percent from 3.8 percent). In addition, prices went up at a faster pace for food and non-alcoholic beverages (+11 percent from 9.5 percent in March); housing and utilities (+6.5 percent 6.4 percent) and miscellaneous goods and services (+7.1 percent from 6.7 percent). Meantime, education (+4.6 percent from 4.6 percent) cost went up at the same pace.

Annual core inflation rate, which excludes prices of food, non-alcoholic beverages, petrol and energy was recorded at 5.5 percent, compared to a 5.4 percent increase in March.

On a monthly basis, consumer prices rose 0.8 percent, at the same pace as in March. Transport prices increased 2.7 percent (-0.8 percent in March), food and non-alcoholic beverages went up 1.9 percent (+1.6 percent in March) and housing and utilities edged up 0.1 percent (+0.8 percent in March).

South Africa Inflation Rate Eases in April

Statistics South Africa | Mojdeh Kazemi |
5/18/2016 9:44:50 AM