Inflation hits 6.3% as prices rise across the board
Prices increased on average by 0.6% between May 2016 and June 2016, according to data released by Statistics South Africa on Wednesday.
The annual consumer price inflation for June 2016 was 6.3%. This is up from 6.1% reported in May 2016.
Prices rose across the board. Food and non-alcoholic beverages lifted from 1.6% in the previous month to 1.7%. The index increased by 10.8% from the previous year.
Housing and utilities were up to 0.2%. The increase in transport to 0.2% was mostly due to the 52 cents per litre increase in the petrol price and a 5.1% hike in air fares, the report stated.
In June the consumer price index (CPI) for goods increased by 6.7% from the previous year, up from 6.6% reported in May. This increase is higher than the current 6.1% inflation rate. The CPI for services increased by 5.8% from the previous year, up from 5.7% in May.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation