|Home | Mail | Jobs | Area Profiles | Rezpremises|
|News | Property | Business | Farms | Hotels | Land | Investment|
July CPI Figures| News by Staff Reporter
Consumer inflation in July beats economists’ expectations
The Consumer Price Index (CPI) accelerated slightly more than expected to 5,3% in July 2011, according to official Statistics SA (Stats SA) data.
South Africa’s targeted inflation accelerated to 5,3% year-on-year from 5,0% in June Stats SA said on Wednesday.
“This rate was 0,3 of a percentage point higher than the corresponding annual rate of 5,0% in June 2011,” the statistics firm said.
Stats SA said the consumer price index rose to 0,9% month-on-month in July from 0,4% in June.
Economists had expected consumer inflation to accelerate 5,2 percent year-on-year and 0,8 percent month-on-month.