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Financial News: South Africa Inflation Rises In May

South Africa Inflation Rises In May

06/19/2019 - 06:59:00 (RTTNews)

(RTTNews) - South Africa's consumer price inflation rose in May after slowing in the previous month, data from Statistics South Africa showed on Wednesday.

The consumer price index rose 4.5 percent year-on-year in May, after a 4.4 percent increase in April. Economists had expected inflation to remain unchanged.

The main contribution to the annual inflation came from food and non-alcoholic beverages, housing and utilities, transport and miscellaneous goods and services.

Excluding food and non-alcoholic beverages, fuels and energy, inflation was 4.1 percent.

On a month-on-month basis, consumer prices rose 0.3 percent in May.

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