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Financial News: South Africa Inflation Rises As Expected In December

South Africa Inflation Rises As Expected In December

01/24/2018 - 03:32:00 (RTTNews)

(RTTNews) - South Africa's consumer price inflation accelerated as expected in December, though marginally, figures from Statistics South Africa showed Wednesday.

Consumer price inflation rose to 4.7 percent in December from 4.6 percent in November. The figure also matched consensus estimate.

Transport costs grew 6.4 percent annually in December and prices of food and non-alcoholic beverages climbed by 4.7 percent.

On a monthly basis, consumer prices went up 0.5 percent in December as expected by economists.

Average consumer price inflation in the whole year 2017 was 5.3 percent compared with 6.4 percent in 2016.

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