City
Epaper

South Africa's consumer inflation down to 5.1 per cent

By IANS | Updated: July 24, 2024 19:25 IST

Johannesburg, July 24 South Africa's consumer inflation maintained a downward streak with the consumer price index down to ...

Open in App

Johannesburg, July 24 South Africa's consumer inflation maintained a downward streak with the consumer price index down to 5.1 percent in June from 5.2 per cent in May, according to data released by Statistics South Africa (Stats SA) Wednesday.

Patrick Kelly, chief director for price statistics at Stats SA, said that over the last 10 months, the consumer price index had stubbornly remained between 5 and 6 per cent.

In June, South Africa's annual food inflation hit the lowest level in 45 months since September 2020, the data showed.

"The inflation of food and non-alcoholic beverages had finally lowered to 4.6 per cent after reaching its peak of 14 per cent in March last year," Kelly said, Xinhua news agency reported.

Housing and utilities in South Africa recorded an annual inflation rate of 5.5 per cent in June, which was lower than 5.8 per cent in May, while the annual transport inflation cooled to 5.5 per cent in June from 6.3 per cent a month ago, according to Kelly.

The data also showed that fuel prices in the country dropped 4.6 per cent in June, taking the annual inflation rate for fuel to 7.6 per cent from 9.3 per cent.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

TechnologyHyundai Motor's June sales up 1.5 pc on increased demand

Other SportsIrfan Pathan backs Akash Deep as Bumrah’s replacement for second Test against England

BusinessHyundai Motor's June sales up 1.5 pc on increased demand

NationalSix die of suspected heart attack in Karnataka's Hassan

PuneRobbery in Pune: Jewellery Shop Owner and Staff Seriously Injured in Theft, Gold and Cash Stolen

Business Realted Stories

BusinessAdani logistics launches First double stack rake between ICD Tumb and ICD Patli, set to transform Vapi-Haryana freight corridor

BusinessCrisil revised India's FY26 GDP growth to 6.5% on good monsoon, rate cuts, and rural support

BusinessIndia marching towards inclusive growth despite global uncertainties: HUL Chairman

BusinessIndia's per capita debt of individual borrower rises significantly over last two years: RBI Report

BusinessSBI's balance sheet size bigger than GDP of 175 countries: Data