Consumer inflation eases to 3.2% in November

Inflation for April has eased to 3%.
Inflation for April has eased to 3%.

Consumer price inflation eased to 3.2% in November, down from 3.3% reported on October, data from Stats SA shows.

Inflation remained unchanged on a month-on-month basis.

The main contributors to the 3.2% annual rate was food and alcoholic beverages, housing and utilities and miscellaneous goods and services.

The annual inflation rate for goods was 2.6% and that of services was 3.7%.

Ahead of the data release, FNB economists noted that November is a low survey month - with food likely to add to price pressure. FNB had expected inflation to stabilise around 3.3%. 

Investec meanwhile expected inflation to tick up to 3.4%. 



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