Rate of price increases dips

The latest data from Stats SA shows that consumer inflation slowed to its lowest level in three months in September. AFP/Luca Sola

JOHANNESBURG - The rate of price increases of food and other products dipped slightly in September.

The latest data from Stats SA shows that consumer inflation slowed to its lowest level in three months in September.

CPI decreased to 3% from 3.1% in August. On a month-on-month basis, it increased by 0.2%.

READ: SA's consumer inflation slumps to lowest in 15 years

The main contributors were food and non-alcoholic beverages, housing and utilities and miscellaneous goods and services.

Food and non-alcoholic beverages rose 3.9% year-on-year, while housing and utilities increased 2.8% year-on-year.

CPI has remained within the SA Reserve Bank’s 3% to 6% target band since July.

Source
eNCA