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South Africa inflation rate edges up to 4.8% in August

Staff Writer | September 21, 2017
Inflation rate in South Africa increased to 4.8% from 4.6% in July which was the lowest since September of 2015 but below market expectations of 4.9%.
South Africa inflation
Africa   Transport prices rose
Transport prices rose faster while food cost increased the least since November of 2015. Also core inflation fell to 4.6%, the lowest in five years.

Year-on-year, prices rose faster for transport (3.9% compared to 1% in July) as fuel cost recovered (5.7% compared to -3.6%) and alcoholic beverages and tobacco (4.3% compared to 3.3%).

On the other hand, a slowdown was seen in cost of food and non-alcoholic beverages (5.7% compared to 6.8%); miscellaneous goods and services (7.5% compared to 7.6%) and recreation and culture (2.4% compared to 3.2%).

Inflation was steady for housing and utilites (4.5%) and education (7%).

Annual core inflation rate, which excludes cost of food, non-alcoholic beverages, petrol and energy fell to 4.6%, the lowest rate since August of 2012 compared to 4.7% in July.

On a monthly basis, consumer prices edged up 0.1%, following a 0.3% rise in July.

Cost increased for alcoholic beverages and tobacco (1.2%) and transport (0.5%) but fell for food (-0.2%).