Ricochet News

Eastern Cape CPI one of lowest

JULY 25, 2015
Eastern Cape CPI one of lowest

The Eastern Cape province’s consumer price index (CPI) in June measured 4.6%, 0.1% lower than headline CPI annual inflation rate of 4.7%.

In its report released yesterday, Statistics South Africa says that the annual CPI index rose 0.1% on from May 2015 which stood at 4.6%, Average price increases of 0.4% came from the transport index (1.4%) and then housing and utilities index (0.7%).

Statistics South Africa said the higher transport index was due mainly to a 47c/litre increase in the price of petrol. Increases in actual rentals increased by 1.1%.

Good news was that food and non-alcoholic beverage price index was lower by 4.3%, led by price drops in fruit, vegetables, other food, bread and cereals and fish. Increases in this index came from hot beverages, oils and fats, milk, eggs and cheese, sugar, sweets and desserts, and meat.

Other provinces with lower annual inflation rate were the Northern Cape and Gauteng (4.6%), Mpumalanga (4.5%), North West and Limpopo (4.0%) and KwaZulu-Natal (3.9%). 

Provinces with an annual inflation rate higher than headline inflation were the Western Cape (5.1%) and Free State (4.9%). - getnews.co.za


IMAGE sourced from starrfmonline.com