Ricochet News

CPI For Port Elizabeth in December above National Average

JANUARY 21, 2015
CPI For Port Elizabeth in December above National Average

The Consumer Price Index (CPI) for all items in Port Elizabeth for December increased by 5.7% year-on-year (y/y) according to figures released this morning by Statistics South Africa.

Between November and December, CPI reflected a decrease of 0.1%.

The figure for all urban areas nationally was 5.3% y/y and a decrease of 0.2%. Month-on-month (m/m)

CPI for food and non-alcoholic beverages in Port Elizabeth in December increased by 8% y/y but dropped by 0.4% between November and December.

The 8% annual increase was among the highest figures recorded by any of the major metropolitan areas and was exceeded only by Cape Town (8.6%).

Drawing a line through the increases in specific items in all urban areas of the Eastern Cape, the major drivers were fruit (15.3%), meat (10.3%) and fish (7.3%).

CPI, excluding food and non-alcoholic beverages increased by 5.2% y/y and was flat m/m.

CPI, excluding housing, rose by 6% y/y and decreased by 0.4% m/.

CPI for all items in urban areas in the Eastern Cape in December came in at 5.4% year-on-year (y/y).

The other provinces with an annual CPI increase above the national figure were the Western Cape and Limpopo (both 5.9%). - MetroMinutes.

 IMAGE supplied by www.getfitwithray.com