South Africa’s CPI Slowed To 4.6 Per Cent – Economists

South Africa’s headline consumer inflation slowed to 4.6 per cent year-on-year in July from 5.1 per cent in June, data from Statistics South Africa showed on Wednesday.

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

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

Core inflation, which excludes the price of food, non-alcoholic beverages, petrol and energy, was at 4.7 per cent year-on-year in July from 4.8 per cent in June.

Meanwhile, on a monthly basis the rate rose to 0.5 per cent in July from 0.4 per cent previously.