https://www.engineeringnews.co.za
Housing|Rental|transport
Housing|Rental|transport
housing|rental|transport

Consumer price inflation ticks up to 5%

Consumers

Photo by Bloomberg

20th October 2021

By: News24Wire

  

Font size: - +

September inflation rose marginally to 5% from 4.9% recorded in August, data from Stats SA shows.

The slight uptick was in line with the expectations of economists and still easily within the target range of between 3% and 6% set by the SA Reserve Bank.

The consumer price index increased by 0.2% month-on-month in September 2021.

The month of September surveys rental prices (not all items are surveyed every month) and economists had expected these to remain fairly subdued.

"Indeed, this component of the CPI basket, making up a significant 16.8% has had a dampening effect on inflation readings, counteracting large fuel price increases and elevated food inflation," Investec economist Lara Hodes said in a note ahead of the data release. "Many individuals have opted to purchase homes, taking advantage of historically low interest rates and the work-from-home trend which has in turn weighed on rental demand," 

Stats SA data showed that housing and utilities increased by 4% year-on-year, a lower rate than things like transport (10%) or food and beverages (6.6%).

Edited by News24Wire

Comments

Latest News

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
Updated 4 hours ago By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.129 0.184s - 163pq - 2rq
Subscribe Now