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South Africa Inflation Rebounds to 4.4% After First Decline in Five Months
Summary by Businessday NG
4 Articles
4 Articles
South Africa inflation rebounds to 4.4% after first decline in five months
South Africa’s annual inflation rate rose to 4.4 percent in August from 4.3 percent in July, reversing its first decline read more South Africa inflation rebounds to 4.4% after first decline in five months
Inflation rises to 4.4% as transport, housing costs keep consumers under pressure
The annual consumer inflation edged up to 4.4% in August from 4.3% in July, according to data released by Statistics SA on Wednesday. The latest increase is due to persistent increases in transport, housing and financial services costs, even as overall prices remained unchanged from the previous month. The latest Consumer Price Index (CPI) data point to an inflation environment that remains remains outside the South African Reserve Bank’s target…
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