South Africa's June headline CPI quickens to 4.7 pct - CNBC Africa

South Africa's June headline CPI quickens to 4.7 pct

Commodities

by Reuters 0

PHOTO: assets.bwbx.io

South Africa's headline consumer inflation quickened to 4.7 percent year-on-year in June, well below expectations, compared to 4.6 percent in May, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, prices were up 0.4 percent in June compared with 0.3 percent previously.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, slowed to 5.5 percent year-on-year versus 5.7 percent in the previous month, while rising 0.3 percent month-on-month from 0.2 percent.

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