Port Elizabeth Inflation Rate in September above the National Average

OCTOBER 22, 2014
Port Elizabeth Inflation Rate in September above the National Average

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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