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Wednesday, 23 October 2019 13:55

Inflation fell to 4.1% in September, down 0.2 percentage points on the August figure.

South Africa’s headline consumer inflation slowed to 4.1 percent in September, down from 4,3 percent in August as shown by the consumer price index (CPI).

Statistics South Africa (StatsSA) said the main contributors to the the 4,1 percent annual inflation rate were food and non-alcoholic beverages; housing and utilities; and miscellaneous goods and services.
Food and non-alcoholic beverages increased by 3,9 percent year-on-year, and contributed 0,7 of a percentage point to the total CPI annual rate. Housing and utilities increased by 4,8 percent year-on-year, and contributed 1,2 percentage points. Miscellaneous goods and services increased by 5,7 percent year-on-year, and contributed 0,9 of a percentage point.
The annual inflation rates for goods and for services were 4,0 percent and 4,2 percent respectively.
However, the consumer price index (CPI) increased by 0,3 percent month-on-month in September.
The main contributor to the monthly increase in the CPI was housing and utilities, which increased by 0,4 percent month-on-month and contributed 0,1 of a percentage point.