South Africa Inflation Rate Decelerates to 6% in September


In September of 2013, South African annual inflation rate slowed to 6 percent, after quickening to its highest rate in four years in August, as food and petrol prices eased. From August to September, prices accelerated to 0.5 percent, in line with market expectations, from 0.3 percent in August.

Year-on-year, cost of food and non-alcoholic beverages decreased to 5.9 percent, from 7.1 percent in August. Cost of transport decelerated to 6.9 percent from 8.7 percent in the previous month and prices of communication also showed a lower increase (1.7 percent from 2 percent a month earlier).  

In contrast, the household contents and services index increased by 3.8 percent, while prices of recreation and culture and housing utilities remained unchanged at 3.6 percent and 5.4 percent, respectively.

The provinces of Western Cape, Northern Cape, KwaZulu-Natal, Mpumalanga, Eastern Cape and North West recorded lower inflation rates, while Limpopo, Free State and Gauteng recorded rates of inflation higher than 6 percent.

On a month-over-month basis, prices accelerated to 0.5 percent. The household contents and services index increased the most (1.1 percent), followed by cost of food (0.8 percent), housing and utilities (0.8 percent) and recreation and culture (0.5 percent). Transport prices increased 0.3 percent.

South Africa Inflation Rate Decelerates to 6% in September


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
10/23/2013 9:25:02 AM