CPI For Port Elizabeth in December above National Average

JANUARY 21, 2015

The Consumer Price Index (CPI) for all items in Port Elizabeth for December increased by 5.7% year-on-year (y/y) according to figures released this morning by Statistics South Africa.

Between November and December, CPI reflected a decrease of 0.1%.

The figure for all urban areas nationally was 5.3% y/y and a decrease of 0.2%. Month-on-month (m/m)

CPI for food and non-alcoholic beverages in Port Elizabeth in December increased by 8% y/y but dropped by 0.4% between November and December.

The 8% annual increase was among the highest figures recorded by any of the major metropolitan areas and was exceeded only by Cape Town (8.6%).

Drawing a line through the increases in specific items in all urban areas of the Eastern Cape, the major drivers were fruit (15.3%), meat (10.3%) and fish (7.3%).

CPI, excluding food and non-alcoholic beverages increased by 5.2% y/y and was flat m/m.

CPI, excluding housing, rose by 6% y/y and decreased by 0.4% m/.

CPI for all items in urban areas in the Eastern Cape in December came in at 5.4% year-on-year (y/y).

The other provinces with an annual CPI increase above the national figure were the Western Cape and Limpopo (both 5.9%). - MetroMinutes.

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