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

CricketFormer India head coach Shastri recalls decision that helped Rohit enjoy success in Test format

BusinessAdani Defence & Aerospace and Sparton enter into strategic partnership to indigenise Sonobuoys for India

International19th Islamic Development Bank Global Forum to explore digital transformation, financial inclusion in Islamic finance

FootballISL 2024-25: Forwards who fired up the season

EntertainmentRock band Guns N' Roses returns to India after 13 years, gives electrifying performance in Mumbai

International Realted Stories

InternationalEAM Jaishankar on 3-day official visit to Netherlands, Denmark, Germany from tomorrow

InternationalIMF slaps 11 more conditions on Pakistan, flags tensions with India as big risk

InternationalPaank condemns secret burial of youth by Pakistani forces in Balochistan

InternationalUS Senate leaders urge China to release 11th Panchen Lama on 30th anniversary of his abduction

InternationalTwo Chinese nationals caught illegally entering Taiwan by rubber boat; authorities probe 'Gray Zone' intrusion