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Financial News: South Africa Inflation At 6-Month Low

South Africa Inflation At 6-Month Low

08/21/2019 - 06:35:00 (RTTNews)

(RTTNews) - South Africa's consumer price inflation slowed to the lowest level in six months in July, data from Statistics South Africa showed on Wednesday.

The consumer price index climbed 4.0 percent year-on-year in July, after a 4.5 percent rise in June. Economists had expected a 4.3 percent increase.

The latest inflation was the slowest since January, when it was 4.0 percent.

Contributions to the annual inflation came from the food and non-alcoholic beverages, housing and utilities, and miscellaneous goods and services.

Excluding food, non-alcoholic beverages, fuel and energy, inflation was 4.2 percent.

On a month-on-month basis, consumer prices rose 0.4 percent in July.

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