South Africa’s consumer price inflation (CPI) increased to 4.3% in August 2019 from 4% in July.
CPI also increased by 0.3% month-on-month in August.
Stats SA showed that the main contributors to the 4.3% annual inflation increase were food and non-alcoholic beverages; housing and utilities; and miscellaneous goods and services.
Food and non-alcoholic both increased to 4% year-on-year and contributed 0.7 of a percentage point to the total CPI annual rate of 4.3%.
Housing and utilities increased by 5.3% year-on-year while miscellaneous goods and services increased by 5.8%.
The Reserve Bank is to announce its rate decision this week.
Economist believes the bank will keep rates unchanged.
The post Consumer price inflation increased to 4.3% in August appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..