Consumer Price Index drops to 5.8%

2014-12-10 13:27

The headline Consumer Price Index annual inflation rate dropped to 5.8% in November, says Statistics South Africa.

“This rate was 0.1 of a percentage point lower than the corresponding annual rate of 5.9% in October 2014,” said Stats SA.

On average prices were unchanged between October and November.

Stats SA said the food and non-alcoholic beverages index increased by 0.6% between October and November.

“The annual rate decreased to 7.6% in November 2014 from 7.8% in October 2014.”

In the food and non-alcoholic beverages index fruit, meat, hot beverages, fish, milk, eggs and cheese, oils and fats and other food increased.

Cold beverages and vegetables decreased.

Stats SA said the transport index decreased by 1.2% between October and November, mainly due to a 45c/litre decrease in the petrol price.

“The annual rate decreased to 4.2% in November 2014 from 4.8% in October 2014,” it said.

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