CPI for Port Elizabeth in August above national average

SEPTEMBER 17, 2014
CPI for Port Elizabeth in August above national average

The Consumer Price Index (CPI) for Port Elizabeth in August for all items came in at 6.8% year-on-year (y/y) above the 6.4% for all urban areas and the 6.7% for the Eastern Cape, according to figures released this morning by StatsSA.

The 6.8% was the highest figure recorded in all major urban areas with the exception of Tshwane, which also came in at 6.8%.

Month-on-month (m/m), CPI for Port Elizabeth increased by 0.3%, which was below the figure of 0.4% for all urban areas but above the 0.2% for the Eastern Cape as a whole.

CPI for food and non-alcoholic beverages increased by 9.1% y/y, below the average for all urban areas of 9.4% but above the Eastern Cape figure of 8.8%.

The biggest y/y increases in the Eastern Cape in this sector were milk, eggs and cheese (14.4%), fruit (17%), vegetables (9.2%), hot beverages (14.6%) and bread and cereals (9.1%).

CPI excluding housing for Port Elizabeth in August increased by 7.4% y/y and 0.4% m/m compared to 6.5% and 0.5% respectively for the Eastern Cape.

CPI excluding food and non-alcoholic beverages increased by 6.3% y/y and 0.2% m/m, compared to 5.9% and 0.2% respectively for the Eastern Cape.

The StatsSA figures show that the Eastern Cape recorded the second highest annual increase after North West and Limpopo, both 6.9%. - metrominutes

 

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