Home South African Inflation eases to 4.1 percent year-on-year in September

Inflation eases to 4.1 percent year-on-year in September

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The main contributors to the 4.1 percent annual inflation rate were food and non-alcoholic beverages.

JOHANNESBURG, October 23 (ANA) – South Africa’s headline consumer price index eased to 4.1 percent year-on-year in September from 4.3 percent in August, the national statistics agency said on Wednesday.

On a month-on-month basis, consumer prices were up 0.3 percent in September, Statistics South Africa said in a report.

“The main contributors to the 4.1 percent annual inflation rate were food and non-alcoholic beverages; housing and utilities; and miscellaneous goods and services,” it said.

The prices of food and non-alcoholic beverages increased by 3.9 percent in September compared with the same month last year and contributed 0.7 percentage points to the overall CPI rate, while housing and utilities were up 4.8 percent, contributing 1.2 percentage points.

Miscellaneous goods and services increased by 5.7 percent year-on-year and accounted for 0.9 percentage points of the overall number.

Stats SA said the main contributor to the monthly rise in the consumer price index was housing and utilities, which increased by 0.4 percent and contributed 0.1 percentage points.

Provincial annual inflation rates ranged from 3.6 percent in North West to 4.8 percent in Limpopo, the statistics agency said.

– African News Agency (ANA), Editing by Stella Mapenzauswa