South Africa's June headline CPI quickens to 4.7 pct

by Reuters 10 views0

South Africa's June headline CPI quickens to 4.7 pct

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.