South Africa Inflation Rate Slows to 5.5% in June


In June of 2013, South African annual inflation rate eased for the second month in a row to 5.5 percent, from 5.6 percent in May, as most prices increased moderately.

Year-on-year, the index for food and non-alcoholic beverages increased to 6.8 percent in June from 6.4 percent in May. Prices of transport rose 3.7 percent, the same annual rate recorded in May. Cost of housing and utilities was unchanged at 5.8 percent and prices of education were also unchanged at 9 percent. The index for clothing and footwear went up 3 percent, from 2.9 percent in May and cost of miscellaneous goods and services increased 7.4 percent, the same rate recorded in May.  

The provinces of KwaZulu-Natal, Limpopo, North West, Mpumalanga, Western Cape and Eastern Cape recorded lower inflation rates, while Free State, Northern Cape and Gauteng registered rates of inflation higher than 5.5 percent.

On a month-over-month basis, prices increased 0.3 percent. The index for housing and utilities rose 0.9 percent mainly due to a 1.5 percent increase in actual rentals for housing and a 1.4 percent increase in owners’ equivalent rent. Cost of food and non-alcoholic beverages went up 0.1 percent, with prices of cold beverages, hot beverages, milk, eggs and cheese and oils and fats, sugar, sweets and desserts and fish recording the highest increases (1.5 percent, 1 percent, 0.8 percent, 0.7 percent and 0.1 percent, respectively). 

South Africa Inflation Rate Slows to 5.5% in June


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
7/24/2013 9:32:08 AM