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South Africa's CPI slows to 4.6 percent year/year in July
August 23, 2017 / 8:09 AM / a month ago

South Africa's CPI slows to 4.6 percent year/year in July

JOHANNESBURG, Aug 23 (Reuters) - South Africa’s headline consumer inflation slowed to 4.6 percent year-on-year in July from 5.1 percent in June, data from Statistics South Africa showed on Wednesday.

Economists polled by Reuters had forecast a 4.6 percent year-on-year inflation print.

On a month-on-month basis, inflation inched up to 0.3 percent in June from 0.2 percent in June.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, was at 4.7 percent year-on-year in July from 4.8 percent in June, while on a month-on-month basis the rate rose to 0.5 percent in July from 0.4 percent previously. (Reporting by Mfuneko Toyana; Editing by James Macharia)

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