CPI for Port Elizabeth in November above Average for all Urban Areas

DECEMBER 10, 2014

The Consumer Price Index (CPI) for all items in Port Elizabeth in November came in at 6.2% year-on-year (y/y) above the figure of 5.8% for all urban areas and 5.7% for the Eastern Cape.

The figures, released by Statistics South Africa, show that the annual CPI increase in Port Elizabeth was among the highest in the country, matched only by Cape Town, Kimberley and Tshwane.

CPI month-on-month (m/m) increased by 0.2%.

CPI for food and non-alcoholic beverages in Port Elizabeth last month increased by 9% y/y), a figure exceeded only by Witbank/Nelspruit (9.3%) and by 1.2% m/m.

The main drivers of the increase in food and non-alcoholic beverages CPI in the Eastern Cape as a whole, included: fruit (15.6% y/y and 6/8% m/m); milk, eggs and cheese (5.6% and 1.1%) and hot beverages (11.9% and 0.2%).

CPI, excluding housing in Port Elizabeth last month increased by 6.7% y/y and 0.3% m/m.

This was roughly in line with the majority of major urban centres. The figures for the whole of the Eastern Cape were 5.8% and 0.1% respectively.

CPI, excluding food and non-alcoholic beverages increased by 5/6% y/y and remained flat m/m, with the provincial figures 5.2% and 0.0% respectively.

Along with the Northern Cape and North West, at 5.7% y/y the Eastern Cape recorded the lowest increase in CPI after Free State and Mpumalanga *both 5.5%).

The province recording the highest CPI increase y/y was Limpopo (6.3%), followed by Western Cape (6.1%). - MetroMinutes.


IMAGE: www.doctoroz.com