FOREX TradingCharts.com

Financial News: South Africa Inflation Eases To 7.2%, Lowest In

South Africa Inflation Eases To 7.2%, Lowest In 7 Months

01/18/2023 - 06:01:00 (RTTNews)

(RTTNews) - South Africa's consumer price inflation eased slightly, as expected, in December to the lowest level in seven months, mainly due to a moderation in transport charges, figures from Statistics South Africa showed on Wednesday.

The consumer price index, or CPI, rose 7.2 percent year-on-year in December, following a 7.4 percent increase in November. 

However, the inflation rate continues to be higher than the 3 to 6 percent goal range set by the South African Reserve Bank.

The core inflation, which excludes prices of non-alcoholic beverages, fuels and energy, also slowed marginally to 4.9 percent in December from 5.0 percent a month ago. That was below the expected gain of 5.1 percent.

Transport costs increased by 13.9 percent annually, the largest among the major components, though at a slower rate than the 15.3 percent increase seen in November due to a drop in gasoline prices.

Prices of food and non-alcoholic beverages grew 12.4 percent, and charges for housing and utilities were 4.1 percent more expensive compared to last year.

On a month-on-month basis, consumer prices increased 0.4 percent in December versus an expected gain of 0.3 percent.

During the year 2022, average annual consumer price inflation was 6.9 percent versus 4.5 percent in 2021.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2023 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Retail Sales Sink 3.9% In December (01 hr(s), 33 min(s), 28 sec(s) ago)
(RTTNews) - The value of retail sales in Australia was down a seasonally adjusted 3.9 percent on m ...Full Story»

Australia Retail Sales Data Due On Monday (03 hr(s), 44 min(s), 28 sec(s) ago)
(RTTNews) - Australia will on Monday release Q4 numbers for retail sales, highlighting a light day ...Full Story»

U.S. Service Sector Activity Rebounds Much More Than Expected In January (10 hr(s), 49 min(s), 28 sec(s) ago)
(RTTNews) - After reporting a contraction in U.S. service sector activity in the previous month, t ...Full Story»

Brazil's Service Sector Loses Growth Momentum Amid Inflationary Pressures (11 hr(s), 31 min(s), 28 sec(s) ago)
(RTTNews) - Brazil's service sector expanded at the weakest pace in twenty months amid rising ...Full Story»

U.S. Job Growth Far Exceeds Expectations In January, Unemployment Rate Drops To 53-Year Low (11 hr(s), 53 min(s), 28 sec(s) ago)
(RTTNews) - Job growth in the U.S. unexpectedly showed a substantial acceleration in the month of ...Full Story»

Hong Kong Retail Sales Rebound In December (12 hr(s), 38 min(s), 28 sec(s) ago)
(RTTNews) - Hong Kong's retail sales value rose in December as the economic sentiment improved ...Full Story»

U.S. Employment Spikes Much More Than Expected In January (12 hr(s), 37 min(s), 28 sec(s) ago)
(RTTNews) - Job growth in the U.S. unexpectedly showed a substantial acceleration in the month of ...Full Story»

Recovery In Eurozone Private Sector Eases Fear Of Recession (12 hr(s), 59 min(s), 28 sec(s) ago)
(RTTNews) - Eurozone private sector moved into the expansion zone in January for the first time in ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Retail Sales Sink 3.9% In December

02/05/2023 - 19:41 PM (RTTNews)
(RTTNews) - The value of retail sales in Australia was down a seasonally adjusted 3.9 percent on m ...Full Story>>

Australia Retail Sales Data Due On Monday

02/05/2023 - 17:30 PM (RTTNews)
(RTTNews) - Australia will on Monday release Q4 numbers for retail sales, highlighting a light day ...Full Story>>

U.S. Service Sector Activity Rebounds Much More Than Expected In January

02/03/2023 - 10:25 AM (RTTNews)
(RTTNews) - After reporting a contraction in U.S. service sector activity in the previous month, t ...Full Story>>

Brazil's Service Sector Loses Growth Momentum Amid Inflationary Pressures

02/03/2023 - 09:43 AM (RTTNews)
(RTTNews) - Brazil's service sector expanded at the weakest pace in twenty months amid rising ...Full Story>>

U.S. Job Growth Far Exceeds Expectations In January, Unemployment Rate Drops To 53-Year Low

02/03/2023 - 09:21 AM (RTTNews)
(RTTNews) - Job growth in the U.S. unexpectedly showed a substantial acceleration in the month of ...Full Story>>

Do not sell my personal information

Copyright © 2023. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.