JOHANNESBURG - Annual consumer price inflation (CPI) rose to 5.0 percent in June, up from 4.5 percent in May.
According to Patrick Kelly, Chief Director for Price Statistics, this is the highest inflation reading since June 2024, when the rate stood at 5.1 percent.
“Prices rose by 0.7 percent on average between May and June, the same increase recorded in the previous month,” Kelly said.
Transport, housing and utilities were the biggest contributors to both the annual and monthly increases in the CPI.
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“Higher fuel prices have had a knock-on effect on passenger transport inflation, which registered a monthly rise of 8.1 percent in June. This pushed the annual rate for the category to 12.5 percent, up from 4.0 percent in May,” he said.
Housing costs also continued to rise. In June, rents increased by 1.1 percent from the March quarter, taking the annual increase to 4.1 percent.
Over the past 12 months, rents for townhouses increased by 5.4 percent, followed by flats at 4.6 percent and houses at 3.7 percent.