South Africa’s consumer price inflation slowed to 4.1 per cent year-on-year in March, from 4.6 per cent in February. The main contributors to the 4.1 per cent annual inflation rate were food, non-alcoholic beverages; housing and utilities. Joining CNBC Africa to unpack more is Patrick Kelly, Chief Director at Stats SA.
Consumer price inflation increased to 4.5 per cent in January 2020 from 4.0 per cent in December 2019. On a month-on-month basis price growth was at 0.3 per cent in January which was the same rate for December.
South Africa’s headline consumer inflation slowed to 4.1 per cent year-on-year in September, from 4.3 per cent in August, data from Statistics South Africa showed. This paves the way for a drop in interest rates when the South African Reserve Bank meets next month. But crucial to its decision will be Moody's sovereign rating on 1 November. Investec Chief Economist, Annabel Bishop joins CNBC Africa for more.
Annual consumer price inflation fell to 4.1 per cent in September from 4.3 per cent in August. Statistics South Africa has cited that inflation has now been below 4.5 per cent for the past three months and remained below the South African Reserve Bank’s 6 per cent monetary policy ceiling since April 2017. Statistics South Africa Chief Director, Patrick Kelly joins CNBC Africa for more.
Consumer inflation in South Africa has risen by a 0.3 per cent to 4.3 per cent in August 2019. The main contributors for the rise in inflation were food and non-alcoholic beverages as well as housing and utilities. Joining CNBC Africa for is Patrick Kelly, Chief Director of Stats SA.
Stats SA Chief Director, Patrick Kelly joins CNBC Africa to discuss the annual CPI for May, which sits at 4.5 per cent. This has increased by 0.3 per cent from 4.4 percent in April. The main contributor to the monthly increase in the CPI was transport, which increased by 1.0 per cent month-on-month mainly due to the pressure of the fuel price.
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.