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Cape Town - The annual consumer price inflation was 4.7% in October 2015, up from 4.6% in September 2015, but lower than the 4.9% expected by experts The Inflation Factory.
The consumer price index (CPI) increased by 0.3% month-on-month in October 2015.
The latest statistics show that the annual rate for alcoholic beverages and 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, while the cost of printed books increased by 50%, which is 10 times the inflation rate.
South Africa imports about R2.5bn worth of books each year, mostly (52%) from the UK.
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