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South Africa inflation accelerates in July

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Staff Writer | August 22, 2018
South Africa street
Africa   On a monthly basis, consumer prices gained 0.8% in July

South Africa's inflation accelerated in July on higher housing and transport costs, figures from Statistics South Africa showed.

Consumer price inflation rose to 5.1% in July, in line with expectations, from 4.6% in June. A similar higher rate was last seen in September 2017.

On a monthly basis, consumer prices gained 0.8% in July, as expected.

Data showed that consumer prices for goods grew 5.3% on year and that for services advanced 5%. Housing and utilities prices climbed 5.2% and transport costs surged 10%.


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