Tag: Consumer Price Index
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.
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.
Zimstats said prices of food, including bread, of beverages and clothes, had pushed the consumer price index higher.