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South Africa consumer inflation rises to 3.2% y/y in July

PUBLISHED: Wed, 26 Aug 2020 15:37:19 GMT

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JOHANNESBURG (Reuters) – South Africa’s headline consumer inflation quickened to 3.2% year-on-year in July from 2.2% in June, data from Statistics South Africa showed on Wednesday.

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On a month-on-month basis, the consumer price index was at 1.3% in July from 0.5% in the previous month.

Core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, was also 3.2% year-on-year in July compared with a rate of 3.0% in June. On a month-on-month basis core inflation rose, to 0.7% from 0.3% previously.