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SA consumer price inflation slows to 4.9% y/y in June

South Africa's headline consumer price inflation slowed to 4.9% year on year in June from 5.2% in May, data from Statistics South Africa showed on Wednesday.

SA consumer price inflation slows to 4.9% y/y in June
© stokkete - 123RF

On a month-on-month basis, the consumer price index was at 0.2% in June from 0.1% in the previous month.

Core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, rose slightly to 3.2% year on year in June, from 3.1% previously. On a month-on-month basis core inflation in June was at 0.3% from 0.0% previously.


SOURCE

Reuters
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About Olivia Kumwenda-Mtambo

Reporting by Olivia Kumwenda-Mtambo; Editing by Tanisha Heiberg.

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