S. Africa Consumer Price Inflation Eases In October

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Wednesday, the Statistics South Africa announced that the consumer price index or CPI increased 5.9% year-on-year in October, slower than the 6.1% growth in the previous month. The consumer price inflation came in line with economists' expectations.

Food and non-alcoholic beverages prices climbed 5.9% on an annual basis in October, while clothing and footwear prices rose 5%. Transport charges were down 1.8%.

On a monthly basis, consumer prices remained unchanged in October, in line with economists' expectations. In September, the CPI was up 0.4%.

Tuesday, the Statistics South Africa announced that the consumer price index or CPI increased 5.9% year-on-year in October, slower than the 6.1% growth in the previous month. The consumer price inflation came in line with economists' expectations. (Market News Provided by RTTNews)