30611
S. Africa  CPI Falls
World Economy

S. Africa CPI Falls

The annual consumer price inflation was 4.7% in October, up from 4.6% in September, but lower than the 4.9% expected by experts of The Inflation Factory which tracks inflation in real-time using prices of millions of goods sold in e-commerce stores, Fin24 reported. The consumer price index increased by 0.3% month-on-month in October. The latest statistics show that the annual rate for tobacco fell from 8.7% in September to 7.4% in October. The index for food and non-alcoholic beverages increased by 0.5% month-on-month. The items with the highest monthly rates were oils and fats (2%) and vegetables (1.4%). The index for transport increased by 0.5% month-on-month. In October the CPI for goods increased by 3.7% year-on-year and the CPI for services increased by 5.6% year-on-year. Provincial annual inflation rates ranged from 3.9% in Mpumalanga to 4.9% in the Western Cape and Free State. The Inflation Factory pointed out in their review ahead of the latest CPI data that the rand depreciated by more than 20% against the dollar and pound over the last year.

 

Short URL : http://goo.gl/nxueg9
  1. http://goo.gl/XDmWNX
  • http://goo.gl/xEJybR
  • http://goo.gl/WWElYx
  • http://goo.gl/gu7iIR
  • http://goo.gl/u2wfSi

You can also read ...

South Korea Economy Facing Downside Risks
The South Korean economy will face some downside risks going...
Marlo Draghi (L) and Janet Yellen at the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming on January 7.
Stock markets have spent the year rising on bets of a...
The authorities—the government, the central bank, supported by the state-owned banks—are now pulling all levers  to keep this mounting debt under control.
Corporate debt in China has soared to $18 trillion, or 169% of...
Diesel Emissions Scandal a Risk to German Economy
The emissions scandal ensnaring German carmakers is a risk to...
Deals outside Turkey are much cheaper and better  than Turkish opportunities.
Robert Yuksel Yildirim had barely been at the family’s...
The London Metal Exchange
World stocks struggled at a 5-1/2-week low on Monday, though...
Madura Says Will Tackle Inflation
The Venezuelan government’s toughest challenge is fighting...
Thai Q2 GDP Surprises With 3.7% Rise
Thailand’s economy continued its recovery in the second...

Trending

Googleplus