Port Elizabeth CPI Annual Increase At 6.2% In October

NOVEMBER 20, 2014

The Consumer Price Index (CPI) for Port Elizabeth for all items increased by 6.2% year-on-year in October and by 0.2% between September and October, according to figures released by Statistics South Africa.

This is higher than the average of 5.7% y/y for all urban areas in the Eastern Cape as well as the figure of 5.9% for all urban areas nationally.

The month-on-month (m/m) figure for the Eastern Cape reflected a decrease of 0.1%.

CPI for food and non-alcoholic beverages in Port Elizabeth for October increased by 8.8% y/y which was amongst the highest figures for all urban areas and by 0.3% m/m.

The main drivers of the increase in this segment provincially included fruit (12.8% y/y and 2.3% m/m), meat (9.6% and 0.9%) and hot beverages (12.3% and 0.4%).

CPI, excluding food and non-alcoholic beverages increased by 5.5% y/y and 0.1% m/m, with the figures for all urban areas in the Eastern Cape 5/1% and 0.0% respectively.

CPI, excluding housing, in Port Elizabeth in October increased by 6.6% y/y and by 0.2% m/m, figures that were higher than those for all urban areas in the Eastern Cape, which came in at 5.9% and 0/0% respectively.

CPI for all urban areas in the Eastern Cape for the purchase of vehicles in-creased by 4.4% y/y and 0.4% m/m, while the figures for private transport operations were 3% and a decrease of 0.1% respectively. CPI for public transport increased by 8.5% y/y and was flat m/m. -MetroMinutes