CPI INCREASES TO 4.6% IN JUNE

JOHANNESBURG- Stats SA said that consumer inflation increased to 4.6% in June from 4.4% in May due to the rising housing, utilities and transport costs.

On a month-on-month basis, inflation rose to 0.4% in June from 0.2% in May.

Main inflation does not include prices of food, non-alcoholic beverages, petrol and energy, fell to 4.2% year-on-year from 4.4%, while on a month-on-month basis it rose to 0.2% from 0.0% previously.

Stats SA’s Patrick Kelly said, “Price increases have been reported in the non-alcoholic beverages category and fish prices were up 7.5% over the same period. The petrol price increased by 82c a liter in June and the annual fuel inflation now stands at 16.3%”

Photo Credit- ewn.co.za

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