South Africa Inflation Rate at 4-Month High

Annual inflation rate in South Africa increased to 4.5 percent in April of 2015 from 4 percent in the previous month, boosted by prices of housing and utilities and miscellaneous goods and services while transport cost fell at a slower pace.

Year-on-year, the highest upward contribution came from housing and utilities (prices went up 5.6 percent), miscellaneous goods and services (7.3 percent), food and non-alcoholic beverages (5 percent) and alcoholic beverages and tobacco (9.6 percent). The negative contribution from transport decreased as prices fell at a slower 1.1 percent. 

Annual core inflation rate, which excludes prices of food, non-alcoholic beverages, petrol and energy slowed slightly for the second consecutive month to 5.6 percent from 5.7 percent in Marh.

On a monthly basis, the CPI rose 0.9 percent, slowing from a 1.4 percent increase in March. While transport cost increased 4.5 percent due to a 156c/litre increase in the price of petrol, cost of housing and utilities was flat.

South Africa Inflation Rate at 4-Month High

Statistics South Africa | Joana Taborda |
5/20/2015 9:29:31 AM