Share

CPI inches up to 5.4%

Johannesburg -  South Africa's headline consumer inflation edged up to 5.4% year-on-year (y/y) in December, slightly below market expectations, from 5.3% in November, Statistics South Africa said on Wednesday.

On a month-on-month (m/m) basis, CPI quickened to 0.3% compared with 0.1% in November.

Economists surveyed by Reuters expected a y/y rate of 5.5% and 0.4% month-on-month.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, was steady at 5.3% y/y but edged up to 0.3% on a m/m basis.

Stats SA said the annual headline CPI average for 2013 ticked up to 5.7%, compared with 5.6% the previous year.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.96
-0.3%
Rand - Pound
23.91
-0.1%
Rand - Euro
20.48
-0.1%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.2%
Platinum
896.95
-1.0%
Palladium
1,000.11
-0.2%
Gold
2,194.20
-0.0%
Silver
24.51
-0.6%
Brent Crude
86.09
-0.2%
Top 40
68,007
+0.5%
All Share
74,221
+0.4%
Resource 10
56,323
+1.2%
Industrial 25
103,552
+0.3%
Financial 15
16,559
+0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders