South Africa CPI Slows
South Africa CPI Slows

South Africa CPI Slows

South Africa CPI Slows

Consumer inflation in South Africa slowed much more than expected in April. The consumer price index rose 5.3% in April from a year earlier, Statistics SA said on Wednesday—slowing from 6.1% in March AllAfrica reported. The rand briefly ducked below R13/$ on the news, hitting R12.988 against the greenback shortly after the release of the data. The CPI measures changes in the price of consumer goods and services purchased by households in urban areas. April’s numbers were better than expected. Trading Economics and Investec had both forecast April CPI inflation to drop to 5.7%. The consumer price index increased by 0.1% month on month in April. Kamilla Kaplan of Investec has pointed also to cheaper fuel as contributing to slowing inflation. Petrol and diesel prices were reduced by 24c per liter and 10c per liter, respectively, in April. Food inflation, meanwhile, continued to slow in April, as it has for most of this year. The pace of the slowdown picked up, though, with prices for food rising 6.6% from a year earlier.


Short URL : https://goo.gl/8gUDWk
  1. https://goo.gl/2fWRVv
  • https://goo.gl/0Zsbwi
  • https://goo.gl/j8wuiE
  • https://goo.gl/4dKpjI
  • https://goo.gl/BV2g1Q

You can also read ...

Debt to GDP ratios across the OECD averaged 73% last year and its members are set to borrow $14.67 trillion from the markets this year.
The world economy is at risk from a rising tide of government...
US has accused ABLV of money laundering and breaching  sanctions on North Korea.
The European Central Bank said Saturday it has determined that...
Mexico Hosts 39 Million Tourists, Earns $21 Billion
Mexico saw record revenues from international tourism in 2017...
S&P Ups Russia to Investment Grade
Russia received a long-awaited upgrade to its sovereign rating...
Peru Deficit Narrows
Peru had a current account deficit of 1.3% of the gross...
Manafort Indictment Spells Trouble for Bankers
Recently filed federal charges against President Donald Trump’...
China’s Geely Buys $9 Billion Daimler Stake
The founder of Zhejiang Geely Holding Group Co. has...
Thorny issues such as content rules for  cars remain unsolved.
It’s looking increasingly likely Nafta talks will extend...

Add new comment

Read our comment policy before posting your viewpoints