Views Article – Sharenet Wealth

Africa, News

South Africa’s consumer price inflation slows to 4.9% y/y in June

JOHANNESBURG, July 21 (Reuters) – 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.

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. (Reporting by Olivia Kumwenda-Mtambo Editing by Tanisha Heiberg)

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.