Consumer price inflation rises to 5.5%

Statistics South Africa says the consumer price inflation rate accelerated to 5.5% year-on-year in September. (Gallo)

Statistics South Africa says the consumer price inflation rate accelerated to 5.5% year-on-year in September. (Gallo)

This was 0.5 of a percentage point higher than the corresponding annual rate of 5% in August, the agency said in a report.

The CPI measures changes in the price level of consumer goods and services purchased by households.

September's CPI was within the South African Reserve Bank's inflation target range of between 3% and 6%.

The rising inflation rate was influenced by food inflation which increased by 5.8% year-on-year in September from 4.9% in August.

Transport inflation was also high, increasing to an annual rate of 6.6% in September, compared to 4.9% in August.

The petrol price increased by 93 cents a litre in September. – Sapa

.

Comments

blog comments powered by Disqus

Client Media Releases

MTN presents iPhone 7, iPhone 7 Plus
New CEO to lead Sanral into new era
MiWay Business Insurance uptake soars
Study analyses progress to achieving SDG targets
Khulumani remembers the past on Heritage Day
SAP Skills for Africa SA chapter starts