CPI For Port Elizabeth in December above National Average
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.
IMAGE supplied by www.getfitwithray.com
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