Financial News: South Africa Inflation Remains Stable At 2.8%

South Africa Inflation Remains Stable At 2.8%

06/18/2025 - 04:56:00 (RTTNews)

(RTTNews) - South Africa's consumer price inflation held steady in May after rising marginally in the previous month, figures from Statistics South Africa showed on Wednesday.

The consumer price index, or CPI, climbed 2.8 percent year-on-year in May, the same as in April.

Moreover, the inflation rate remained below the Reserve Bank's target range of 3-6 percent.

The core inflation, which excludes prices of non-alcoholic beverages, fuels, and energy, also remained steady at 3.0 percent.

Costs for housing and utilities alone grew 4.5 percent in May from last year, and those for food and non-alcoholic beverages increased 4.8 percent. Meanwhile, transport charges were 4.8 percent less expensive.

On a monthly basis, consumer prices increased 0.2 percent in May.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

BoE Says Uncertainty Around Global Risk Outlook Remains Materially Elevated (34 min(s), 29 sec(s) ago)
(RTTNews) - The uncertainty around the global risk outlook remains materially elevated compared to ...Full Story»

Malaysia Central Bank Cuts Policy Rate For First Time Since 2020 (01 hr(s), 46 min(s), 29 sec(s) ago)
(RTTNews) - Malaysia's central bank lowered its key interest rate for the first time in five y ...Full Story»

China Inflation Turns Positive; PPI Continues To Fall (05 hr(s), 40 min(s), 29 sec(s) ago)
(RTTNews) - China's consumer prices rose for the first time in five months in June but it rema ...Full Story»

New Zealand Holds Key Rate As Expected (07 hr(s), 59 min(s), 29 sec(s) ago)
(RTTNews) - The Reserve Bank of New Zealand left its benchmark interest rate unchanged on Wednesda ...Full Story»

Australia Building Permits Climb 3.2% On Month In May (56 min(s), 31 sec(s) ago)
(RTTNews) - The total number of building permits issued in Australia was up a seasonally adjusted ...Full Story»

China Inflation Slips 0.1% On Month In June (50 min(s), 31 sec(s) ago)
(RTTNews) - Consumer prices in China were down a seasonally adjusted 0.1 percent on month in June, ...Full Story»

Japan M2 Money Stock Jumps 0.9% On Year In June (28 min(s), 31 sec(s) ago)
(RTTNews) - The M2 money stock was up 0.9 percent on year in June, the Bank of Japan said on Wedne ...Full Story»

New Zealand Interest Rate Decision Due On Wednesday (13 min(s), 31 sec(s) ago)
(RTTNews) - The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday ...Full Story»