CPI for Port Elizabeth in August above national average

SEPTEMBER 17, 2014

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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