South Africa Inflation Rate Down to 5.3% in November


In November of 2013, South African annual inflation rate eased for the third straight month to 5.3 percent from 5.5 percent in October, due to lower fuel prices. On a monthly basis, prices rose 0.1 percent, down from 0.2 percent a month earlier.

Year-on-year, the food and non-alcoholic beverages index decreased to 3.8 percent in November from 4.3 percent in October. The following prices increased: fruit (3.1 percent), vegetables (2.6 percent), meat (1.4 percent), other food (1.0 percent), hot beverages (0.9 percent), sugar, sweets and desserts (0.7 percent), oils and fats (0.6 percent), fish (0.3 percent) and milk, eggs and cheese (0.2 percent). The following prices decreased: bread and cereals (-0.3 percent) and cold beverages (-0.1 percent).

Transport cost slowed to 5.8 percent in November from 6.2 percent in October, mainly due to a 28c/litre decrease in the price of petrol. Housing prices rose 4.7 percent, the same rate recorded in October.

The provinces with an annual inflation rate lower than 5.3 percent were Western Cape (5.3 percent), Mpumalanga (5.1 percent), Northern Cape (5.0 percent), KwaZulu-Natal (4.9 percent), Eastern Cape (4.8 percent) and North West (4.6 percent). The provinces with an annual inflation rate higher than headline inflation were Limpopo (5.7 percent), Free State (5.6 percent) and Gauteng (5.4 percent).  

South Africa Inflation Rate Down to 5.3% in November


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
12/11/2013 9:29:10 AM