CPI For Port Elizabeth In July Above The National Average For Urban Areas

BY SUPPLIED - AUGUST 20, 2014

CPI for all items for Port Elizabeth increased by 6.9% year-on-year (y/y) and by 1% month-on-month (m/m) in July, according to figures released this morning by StatsSA.

This is significantly higher than the figures of 6.3% y/y and 0.3 m/m for all urban areas nationally.

The figures for East London were 6.1% and 1.2% respectively and for all urban areas in the province 6.6% and 0.9%.

CPI for food and non-alcoholic beverages for Port Elizabeth in July increased by 9.1% y/y and by 0.4% m/m while the figures for East London were 7.8% y/y and a decline of 0.1% m/m.

For all urban areas in the Eastern Cape the figures were 8.6% and 0.3% respectively.

This index was driven specifically by increases in the price of bread and cereals (11.2%); milk, eggs and cheese (13.7%); vegetables (10.1%) and fruit (9.5%).

CPI excluding housing for Port Elizabeth increased by 7.5% y/y and 0.5% m/m with the figures for East London 6% and 0.4% and for all urban areas of the Eastern Cape 6.9% y/y and 0.5% m/m.

CPI excluding food and non-alcoholic beverages for Port Elizabeth rose by 6.6% y/y and 1.2% m/m and for East London by 6% and 1.5%.

The figures for all urban areas in the Eastern Cape were 6.1% y/y and 1% m/m.

The Eastern Cape (6.8%) was one of six provinces with an annual inflation rate higher that the national figure for all urban areas with Limpopo (7.5%) the highest.

Mpumalanga (6.2%) was the only prov-ince with a lower figure, while Gauteng and Free State were on par with the national figure. - MetroMinutes.