Consumer Price Inflation stays 4.9%
The Consumer Price Inflation remained at 4.9% in September 2018, unchanged from August 2018, Statistics SA said Wednesday morning.
"The consumer price index increased by 0.5% month-on-month in September 2018. Annual inflation for food and non-alcoholic beverages increased to 3.9% in September 2018 from 3.5% in August 2018," Statistics SA said in a statement.
"Month-on-month increases were recorded for sugar, sweets and desserts (4.5%), vegetables (0.9%), milk, eggs and cheese (0.8%), oils and fats (0.8%), hot beverages (0.8%) and bread and cereals (0.5%).
"Month-on-month decreases were recorded for fruit (-1.3%) and meat (-0.6%). The annual rate for housing and utilities was unchanged at 5.3% in September 2018."
The statement said the index increased by 0.8% month-on-month, mainly due to increases in actual rentals for housing (1.4%) and owners’ equivalent rent (1.2%).
"In September the CPI for goods increased by 4.8% year-on-year (down from 5.0% in August), and the CPI for services increased by 5.2% year-on-year (up from 5.0% in August)," said Statistics SA.
"Provincial annual inflation rates ranged from 3.9% in Limpopo to 5.6% in Western Cape."
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