Port Elizabeth Inflation Rate in September above the National Average

OCTOBER 22, 2014

The Consumer Price Index (CPI) for all items in Port Elizabeth increased by 6.2% year-on-year (y/y) in September against a national figure for all urban areas of 5.9%, according to figures released this morning by StatsSA.

Month-on-month, CPI increased by 0.3%, while the figure for all urban areas remained unchanged between August and September 2014.

CPI for food and non-alcoholic beverages in Port Elizabeth increased by 9.1% y/y and 0.6% m/m, driven by increases in milk, eggs and cheese (13.9% y/y for the whole of the Eastern Cape), meat (10.5%) and fruit (12.8%).

In addition, there were significant increases for bread and cereals (8.9%) and vegetables (8.9%).

CPI for Port Elizabeth, excluding food and non-alcoholic beverages rose by 5.6% y/y but declined by 0.4% m/m, while CPI, excluding housing, increase by 6.7% y/y but dropped by 0.3% m/m.

The Eastern Cape (6.2%) was one of five provinces with an annual inflation rate higher than that for all urban areas, the others being Limpopo (6.6%), North West (6.3%), KwaZulu-Natal (6.2%) and Northern Cape (6%).

 In the Eastern Cape, CPI for the purchase of vehicles increased by 4.5% y/y but remained unchanged between August and September.

CPI for Private transport operations rose by 1.7% y/y but declined by 3.9% m/m while the figures for public transport were 8.5% and 0.8% respectively. - MetroMinutes.

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