The Consumer Price Index (CPI) in October rose to 5.6% year-on-year, Statistics South Africa said. "This rate was 0.1 of a percentage point higher than the corresponding annual rate of 5.5% in September 2012," said Stats SA. Market expectation was that CPI would come in at 5.4%. The October number had edged up closer to the upper limit of the 3 to 6% target set by the Reserve Bank. According to Stats SA the main contributors to the increase were housing and utilities, transport, food … [Read more...] about October CPI rises to 5.6%
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CPI rises to 5.5% in September
The Consumer Price Index (CPI) rose to 5.5% in September, Statistics South Africa (Stats SA) said on Wednesday. "Headline CPI (for all urban areas) annual inflation rate in September 2012 was 5.5%. This rate was 0.5% higher than the corresponding annual rate of 5% in August 2012," said Stats SA. Market expectation was that CPI would accelerate to 5.2% year on year. According to Stats SA, the housing and utilities index which increased by 0.7% between August and September mainly due to a … [Read more...] about CPI rises to 5.5% in September
CPI rises to 5% in August
The Consumer Price Index (CPI) in August rose to 5% in line with market expectation, Statistics South Africa (Stats SA) said on Wednesday. "The headline CPI annual inflation rate in August 2012 was 5%. This rate was 0.1 of a percentage point higher than the corresponding annual rate of 4.9% in July 2012," said Stats SA. Housing and utilities were the major contributors to the annual increase. "The housing and utilities index increased by 0.2% between July 2012 and August 2012, mainly … [Read more...] about CPI rises to 5% in August
CPI eases to 6% in March
The Consumer Price Index (CPI) eased to 6% in March, Statistics South Africa (Stats SA) said on Wednesday. Expectation was that it would ease to 6%, off from 6.1% in February, which was above the Reserve Bank's inflation target of between 3% and 6. "On average, prices increased by 1.1% between February 2012 and March 2012," said Stats SA. This was due mainly to increases in the housing and utilities index, as well as rises in the alcoholic beverages and tobacco index. Nedbank … [Read more...] about CPI eases to 6% in March
February CPI eases
The Consumer Price Index (CPI) slowed to 6.1% in February, down from 6.3% in January, Statistics South Africa (Stats SA) said. Bloomberg consensus was that inflation would tick-up to 6.4% year-on-year. "On average, prices increased by 0.6% between January 2012 and February 2012," said Stats SA on Thursday. This increase was mainly due to a 6.4% monthly increase in medical services as well as a 34 cents hike in the petrol price. The price of several food items fell over the … [Read more...] about February CPI eases
January CPI rises above expectations
The Consumer Price Index (CPI) continued its upward trend, rising to 6.3% in January, Statistics South Africa (Stats SA) announced on Wednesday. Market expectation was that it would rise to 6.2% from December's 6.1%. "On average, prices increased by 0.6% between December 2011 and January 2012," said Stats SA. According to Stats SA, the food and non-alcoholic beverages index increased by 1.5% between December and January, while the housing and utilities index also rose. Between December … [Read more...] about January CPI rises above expectations
CPI Static at 6.1% in December
The Consumer Price Index (CPI) remained at 6.1% in December, Statistics South Africa (Stats SA) said on Wednesday. "The headline CPI annual inflation rate in December 2011 was 6.1%. This rate was the same as the corresponding annual rate of 6.1% in November 2011," noted Stats SA. Market expectation was that it would rise to 6.2% year-on-year. "Inflation is expected to remain elevated off a low base, hovering above the Reserve Bank's upper 6% limit for much of 2012. The upward pressure … [Read more...] about CPI Static at 6.1% in December
November CPI up to 6.1%
The Consumer Price Index (CPI) in November came out lower than market expectation, rising to 6.1%. "The headline CPI annual inflation rate in November 2011 was 6.1%. This rate was 0.1 of a percentage point higher than the corresponding annual rate of 6% in October 2011," said Statistics South Africa on Wednesday. CPI breached the Reserve Bank's target range of between three and six percent. On average, prices increased by 0.3% between October 2011 and November 2011. The food and … [Read more...] about November CPI up to 6.1%
CPI reaches 6% in October
The Consumer Price Index (CPI) in October rose to 6%, reaching the upper end of the target range, Statistics South Africa (Stats SA) said today. "This rate was 0.3 of a percentage point higher than the corresponding annual rate of 5.7% in September 2011. On average, prices increased by 0.5% between September 2011 and October 2011," said Stats SA on Wednesday. The Reserve Bank targets inflation between three and six percent. Consensus was that CPI would reach 5.9% in October, with … [Read more...] about CPI reaches 6% in October
CPI rises to 5.7% in September
The Consumer Price Index in September rose to 5.7%, Statistics South Africa (Stats SA) said. "This rate was 0.4 of a percentage point higher than the corresponding annual rate of 5.3% in August 2011. On average, prices increased by 0.4% between August 2011 and September 2011," said Stats SA on Wednesday. According to Stats SA, the food and non-alcoholic beverages index increased by 1%, while the housing and utilities index increased by 0.6% between August and September 2011 mainly due to … [Read more...] about CPI rises to 5.7% in September
July CPI Rises to 5.3%
The Consumer Price Index (CPI) rose to 5.3% ahead of market expectation, Statistics South Africa (Stats SA) said on Wednesday. Standard Bank economist Shireen Darmalingam said the figure came out slightly higher than the 5% analysts had forecasted. Stats SA said on average, prices increased by 0.9% between June and July 2011. This was mainly due to an increase in electricity prices (which increased by 16%) and an 8.7% increase in water and other services, among others. In June, CPI rose … [Read more...] about July CPI Rises to 5.3%
CPI rises to 5% in June
The Consumer Price Index (CPI) rose to 5% in June in line with market expectation, Statistics South Africa said on Wednesday. "Consumer prices rose by 0.4% month-on-month and 5.0% year-on-year in June after increasing by 0.5% month-on-month and 4.6% year-on-year in May. This was in line with the market consensus but slightly higher than our forecast of 4.8% year-on-year," Nedbank economists said. According to Stats SA, the food and non-alcoholic beverages index increased by 0.5% between … [Read more...] about CPI rises to 5% in June
May CPI Rises
The Consumer Price Index (CPI) in May rose above market expectation to 4.6 percent, Statistics South Africa (Stats SA) said on Wednesday. "The headline CPI annual inflation rate in May 2011 was 4.6 percent. This rate was 0.4 of a percentage point higher than the corresponding annual rate of 4.2 percent in April 2011," said Stats SA. Market expectation was that CPI would rise to 4.3 percent year-on-year. On average, prices increased by 0.5 percent between April 2011 and May 2011 with high … [Read more...] about May CPI Rises
April CPI Rises to 4.2 Percent
The Consumer Price Index (CPI) in April rose to 4.2 percent, Statistics South Africa (Stats SA) said on Tuesday. "This rate was 0.1 of a percentage point higher than the corresponding annual rate of 4.1 percent in March 2011," said Stats SA. Market expectation was that it would come in at 4.4 percent. "Consumer inflation rose by less than expected," the Nedbank group of economists said. Stats SA said the food and non-alcoholic beverages index decreased by 0.1 percent between March and … [Read more...] about April CPI Rises to 4.2 Percent
CPI up to 4.1% in March
The Consumer Price Index (CPI) rose to 4.1 percent in March - well above market expectations. Statistics South Africa (Stats SA) on Wednesday released the data showing that CPI was higher in March compared to February's 3.7 percent. Nedbank economist Carmen Altenkirch said: "Consumer inflation accelerated in March, rising well above market expectations. Higher food and petrol prices as well as housing costs were mainly responsible for the 1.2 percent month-on-month rise. The annual … [Read more...] about CPI up to 4.1% in March
