South Africa Inflation Rate Edges Up to 6.4%


South African annual inflation rate accelerated slightly to 6.4 percent in August from 6.3 percent in the previous month, driven by higher food prices.

On a monthly basis, consumer prices increased 0.4 percent in August, following a 0.8 percent rise in July.

The food and non-alcoholic beverages index increased by 0.8 percent between July and August 2014. The annual rate increased to 9.4 percent in August 2014 from 8.8 percent in July 2014. The following components in the food and non-alcoholic beverages index increased: hot beverages (2.1 percent), other food (1.7 percent), milk, eggs and cheese (1.5 percent), sugar, sweets and desserts (1.1 percent), meat (1.0 percent), vegetables (0.7 percent), cold beverages (0.5 percent), bread and cereals (0.2 percent) and fruit (0.2 percent). The following component decreased: fish (-0.4 percent). 

The transport index increased by 0.4 percent between July 2014 and August 2014. The annual rate decreased to 6.1 percent in August 2014 from 6.9 percentin July 2014. 

The provinces with an annual inflation rate lower than or equal to headline inflation were Western Cape (6.4 percent), Gauteng (6.4 percent), Northern Cape (6.3 percent) and Free State (6.3 percent). The provinces with an annual inflation rate higher than headline inflation were North West (6.9 percent), Limpopo (6.9 percent), Eastern Cape (6.7 percent), KwaZulu-Natal (6.7 percent) and Mpumalanga (6.5 percent).

South Africa Inflation Rate Edges Up to 6.4%


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
9/17/2014 9:14:31 AM