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South Africa annual consumer inflation rises to 4% y/y in December

JOHANNESBURG (Reuters) – South Africa’s headline consumer price inflation quickened to 4.0% year-on-year in December, from 3.6% in November, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, price growth was 0.3% in December, versus 0.1% in the previous month.

Core inflation, which excludes prices of food, non-alcoholic beverages, petrol and energy, fell to 3.8% year-on-year in December compared with 3.9% in November, while on a month-on-month basis it was at 0.2%, from 0.1% in the prior month.

(Reporting by Olivia Kumwenda-Mtambo; Editing by Catherine Evans)

A shopper looks at items at a grocery store in Johannesburg, South Africa

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