S.Africa’s February CPI up to 5.9 per cent - CNBC Africa

S.Africa’s February CPI up to 5.9 per cent

Southern Africa

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A shopping trolley filled with food. PHOTO: Getty Images

The rate was higher than the corresponding annual rate of 5.8 per cent in January 2014, and on average, prices increased by 1.1 per cent between January 2014 and February 2014.

“The food and non-alcoholic beverages index increased by 0.5 per cent between January 2014 and February 2014. The annual rate increased to 5.4 per cent in February 2014 from 4.3 per cent in January 2014,” Statistics SA said in their report.

Within the food and non-alcoholic beverage index, bread and cereals increased 1.8 per cent, milk eggs and cheese increased 0.9 per cent and hot beverages increased 0.4 per cent.

(WATCH VIDEO: S.Africa's June 2013 CPI slows to 5.5 per cent)

The transport index increased by 1.5 per cent between January 2014 and February 2014, mainly due to a 39 cents per litre increase in the price of petrol. The annual rate increased to 8.0 per cent in February 2014 from 7.8 per cent in January 2014.

In January, the transport index increased by 1.2 per cent between December 2013 and January 2014, mainly due to a 38 cents per litre increase in the price of petrol. The annual rate increased to 7.8 per cent in January 2014 from 6.3 per cent in December 2013.

“The miscellaneous goods and services index increased by 4.7 per cent between January 2014 and February 2014, mainly due to an 8.3 per cent increase in health insurance. The annual rate decreased to 6.2 per cent in February 2014 from 7.0 per cent in January 2014,” Statistics South Africa explained.

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