A shopper looks for items at an informal shop piloted by Pick n Pay in Soweto, South Africa

South African consumer inflation slows to 4% in July, lowest in seven months

JOHANNESBURG (Reuters) - South Africa's headline consumer inflation slowed to 4.0% year-on-year in July, its lowest in seven months, from 4.5% in June, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis prices rose 0.4%, the same as the previous month.

Core inflation - which excludes the prices of food, non-alcoholic beverages, petrol and energy - was at 4.2% year-on-year versus a 4.3% increase in June, and was at 0.4% month-on-month, the same rate as in June.

(Reporting by Mfuneko Toyana; Editing by Toby Chopra)

2019-08-21 10:17:22

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