South Africa Inflation Slows In September

South Africa’s consumer price inflation eased in September after rising in the previous month, data from Statistics South Africa showed on Wednesday.

The consumer price index climbed 4.1 percent year-on-year in September, after a 4.3 percent increase in August.

Economists had expected inflation to remain unchanged. In July, inflation was 4.0 percent.

The main contribution to the inflation came from food and non-alcoholic beverages, housing and utilities, and miscellaneous goods and services.

Excluding food, non-alcoholic beverages, fuel and energy, core inflation was 4.0 percent in September.

On a month-on-month basis, consumer prices rose 0.3 percent in September.

The material has been provided by InstaForex Company –