Tag: patrick kelly
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.
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.