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Financial News: South Africa Inflation Slows In September

South Africa Inflation Slows In September

10/23/2019 - 04:57:00 (RTTNews)

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

The consumer price index climbed 4.1 percent year-on-year in September, after a 4.3 percent increase in August.

Economists had expected inflation to remain unchanged. In July, inflation was 4.0 percent.

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

Excluding food, non-alcoholic beverages, fuel and energy, core inflation was 4.0 percent in September.

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

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