The Consumer Price Index (CPI) remained unchanged at 3.7 percent in February, Statistics South Africa (Stats SA) said on Wednesday. "The headline CPI (for all urban areas) annual inflation rate in February 2011 was 3.7 percent. This rate was unchanged from January 2011. On average, prices increased by 0.7 percent between January 2011 and February 2011," said Stats SA. Higher insurance and healthcare costs were the main reasons for the monthly increase in prices. The figure was much … [Read more...] about CPI Unchanged at 3.7%
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January CPI Rose to 3.7 Percent
The Consumer Price Inflation (CPI) in January rose slightly to 3.7 percent in line with market expectations, Statistics South Africa (Stats SA) said on Wednesday. Inflation was 0.2 percent higher than the 3.5 percent recorded in December. On average prices, increased by 0.4 percent between December 2010 and January 2011. Bloomberg consensus was that CPI would rise to 3.7 percent, with Absa Capital earlier today saying it would keep a close eye on food prices within the CPI basket - seeing … [Read more...] about January CPI Rose to 3.7 Percent
CPI Marginally Down in December
The Consumer Price Inflation in December fell marginally to 3.5 percent, Statistics South Africa (Stats SA) said on Wednesday. December 2010 CPI was 0.1 percent lower than November's 3.6 percent. In December, prices rose by 0.2 percent, mainly due to higher fuel prices and rent costs. Although December's figure came close to market expectation, Nedbank economist Carmen Altenkirch said the favourable figure is not likely to sway the Reserve Bank in favour of cutting interest rates when it … [Read more...] about CPI Marginally Down in December
