South Africa Inflation Rate at 9-Month High Of 6.6%


Consumer prices in South Africa rose 6.6 percent year-on-year in November of 2016, following a 6.4 percent increase in October and in a line with market expectations. It was the highest inflation rate since February as cost of transport increased at a faster pace. Month-on-month, consumer prices went up by 0.3 percent following a 0.5 percent gain in the previous month.

Year-on-year, cost rose for transport (+6.4 percent from +4.3 percent in October) and increased at the same pace as in the preceding month for housing and utilities (+5.4 percent) and miscellaneous goods and services (+7.5 percent). Prices went up at a slower pace for: food and non-alcoholic beverages (+11.6 percent from +11.7 percent); alcoholic beverage and tobacco (+5 percent from 5.2 percent); and household contents and services (+3.8 percent from 4.1 percent) and 

On a monthly basis, consumer prices increased 0.3 percent after a 0.5 percent rise in a month earlier. Cost rose for food and non-alcoholic beverages (+0.5 percent from +0.9 percent) and transport (+1.5 percent from +1.1 percent).

The core inflation which excludes prices of food, non-alcoholic beverages, petrol and energy was steady at 5.7 percent

South Africa Inflation Rate at 9-Month High Of 6.6%


Statistic of South Africa l Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/14/2016 9:14:54 AM