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<p>South African consumer price inflation has dipped by 0.1 per cent in April to 4.4 per cent. The SARB indicator continues to reveal a contracting South African economy. Rising fuel costs lead to higher food prices resulting in strained consumer spending. Joining CNBC Africa to discuss April’s CPI and shares that win and lose is Craig Pheiffer, Chief Investment Strategist, Absa Stockbrokers and Portfolio Management.</p>


SA’s annual inflation rate for April down 0.1% to 4.4%

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<p>Craig Pheiffer, Chief Investment Strategist of Absa joins CNBC Africa to unpack the latest retail sales and consumer price figures from Statistics South Africa.</p>


Unpacking SA’s CPI and retail sales

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<p>South Africa’s consumer price index was released by stats South Africa.  Consumer Price Inflation rose by 0.1 per cent to 4.1 per cent month-on-month. The overall change to the consumer price Index was an increase of 0.8 per cent month-on-month in February 2019, the index increased by 3.6 per cent year on year. Joining CNBC Africa to unpack these numbers is Nesan Nair, Senior Portfolio Manager Sasfin Securities.</p>


South Africa’s CPI reveals moderate inflationary increases in Feb 2019

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<p>Statistics South Africa Chief Director Patrick Kelly joins CNBC Africa to unpack the latest Consumer Price Index figures for December 2018.</p>


SA’s December CPI down 0.7%


<p>HARARE (Reuters) &#8211; Zimbabwe’s inflation soared to a fresh 10-year high of 31.01 percent year-on-year in November from 20.85 percent in October after prices of basic goods spiked, amid an acute shortage of dollars that has made imports expensive.</p>



<p>On a monthly basis, prices increased by 9.2 percent in November compared to 16.44 percent in October.</p>



<p>Zimbabwe adopted the U.S. dollar in 2009 after its own currency was made worthless by hyperinflation.</p>



<p>But Zimbabweans have watched as the dollars in their bank accounts, known as ‘Zollars’, have lost value against cash U.S. dollars. That is because there are more Zollars in banks than actual U.S. cash dollars available, analysts say.</p>



<p>Central bank data shows that some $10 billion were being held as electronic dollars in bank accounts but less than $250 million in cash dollars.</p>



<p>On the black market, one needs $3.50 to purchase $1 in cash, a situation which has seen some businesses charging multiple prices for their goods.</p>



<p>Zimstats said prices of food, including bread, of beverages and clothes, had pushed the consumer price index higher.</p>



<p>The finance minister said in a budget statement last month that inflation would end the year at 25 percent before falling to single digits in 2019.</p>



<p>Reporting by MacDonald Dzirutwe; Editing by Joe Brock and Gareth Jones</p>


Consumer Price Index

SA’s annual inflation rate for April down 0.1% to 4.4%

Unpacking SA’s CPI and retail sales

South Africa’s CPI reveals moderate inflationary increases in Feb 2019

SA’s December CPI down 0.7%

Zimbabwe inflation hits 10-year high, what you need to know…

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Consumer Price Index

SA’s annual inflation rate for April down 0.1% to 4.4%

Unpacking SA’s CPI and retail sales

South Africa’s CPI reveals moderate inflationary increases in Feb 2019

SA’s December CPI down 0.7%

Zimbabwe inflation hits 10-year high, what you need to know…

News Tips

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