Inflation falls to 4.5% for December | Fin24
 
  • Big Earners

    The CEOs of SA’s top companies earned a median of R5.4m in 2018, up from R5.2m in 2017.

  • Rising Costs

    Zimbabwe is mulling a tariff hike as electricity shortages worsen.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Inflation falls to 4.5% for December

Jan 23 2019 10:06
Lameez Omarjee

Annual headline consumer price inflation moderated to 4.5% for December, according to Statistics South Africa. 

This is down 0.7 of a percentage point from the inflation rate of 5.2% in November. Inflation for October was 5.1%.  

"On average, prices decreased by 0.2% between November 2018 and December 2018," Stats SA said.

Ahead of the announcement on Wednesday morning analysts had estimated that inflation would range between 4.3% and 4.5% on the back of a substantial decline in fuel costs.

In December petrol and diesel prices fell by 184 cents per litre and 145c/l respectively. 

Stats SA also announced that average annual consumer price inflation for the whole of 2018 was 4.7%,  0.6 of a percentage point lower than the corresponding average of 5.3% in 2017. 

In an earlier interview with Bloomberg TV in Davos, Reserve Bank Governor Lesetja Kganyago said that if inflation was at the midpoint of the bank’s targeted range between 3% to 6%, this would allow flexibility to deal with shocks.



sa reserve bank  |  statistics sa  |  rates  |  inflation
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...