SA's consumer inflation rises by 4.3-percent in August

Particularly worrying is food inflation.

File: Particularly worrying is food inflation.

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PRETORIA - South Africa's consumer inflation rose by 4.3-percent in August, compared to four-percent in July.

Particularly worrying is food inflation.

Statistic South Africa says annual food inflation reached its highest level in 18 months, registering 3.8-percent in August which was mostly due to an 8.6-percent increase in bread and cereal prices.

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Mielie meal prices have also seen a sharp hike.

Super maize was almost 18-percent more expensive in August compared with the same month last year.

August's higher-than-expected inflation number is expected to impact on the South Africa Reserve Bank's monetary policy committee's interest rate announcement, due on Thursday.

Source
eNCA