S. Africa Consumer Price Inflation Eases In January

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Wednesday, the Statistics South Africa announced that the consumer price index or CPI rose 6.2% year-on-year in January, slower than the 6.3% growth in the preceding month. Economists were looking for an increase of 6.4%. A year earlier, the CPI was up 8.1%.

Food and non-alcoholic beverages prices decreased 2.4% on an annual basis in January, while recreation and culture index fell 8.1%. Transport charges were up 6.2%.

On a monthly basis, the CPI increased 0.3% in January, same as in the previous month.

Wednesday, the Statistics South Africa announced that the consumer price index or CPI rose 6.2% year-on-year in January, slower than the 6.3% growth in the preceding month. Economists were looking for an increase of 6.4%. A year earlier, the CPI was up 8.1%. (Market News Provided by RTTNews)