CPI data could influence an interest rate cut
JOHANNESBURG –
South Africa’s headline consumer inflation slowed to 4.1 percent in September, down from 4,3 percent in August as shown by the consumer price index (CPI) as food prices remain stubborn.
South Africa’s headline consumer inflation slowed to 4.1 percent in September, down from 4,3 percent in August as shown by the consumer price index (CPI) as food prices remain stubborn.
Statistics South Africa (StatsSA) said the main contributors to the the 4,1 percent annual inflation rate were food and non-alcoholic beverages; housing and utilities; and miscellaneous goods and services.
Food and non-alcoholic beverages increased by 3,9 percent year-on-year, and contributed 0,7 of a percentage point to the total CPI annual rate.
Source: iol.co.za