South Africa inflation rate rises to 6.3% in JuneStaff Writer | July 21, 2016
Consumer prices in South Africa rose 6.3 percent year-on-year in June of 2016, following a 6.1 percent growth in May.
Economy in Africa Miscellaneous goods and services went up 7.2 percent
Transport cost rose 3.3 percent from 3.1 percent, due to higher prices of private transport operation (+0.2 percent from -0.3 percent).
Housing and utilities went up at the same pace (+6.5 percent from 6.5 percent). In addition, miscellaneous goods and services went up 7.2 percent (+7 percent in April).
Annual core inflation rate, which excludes prices of food, non-alcoholic beverages, petrol and energy was recorded at 5.6 percent, compared to 5.5 percent rise in the previous month.
On a monthly basis, consumer prices rose 0.6 percent, following a 0.2 percent gain in the previous month.
Transport prices went up 1.6 percent (+0.6 percent in May), food and non-alcoholic beverages inflation was flat (+0.2 percent) and housing and utilities was up 0.8 percent after showing no growth in May. ■