Bonds

South African consumer inflation quickens to 4.5% in May

Credit: REUTERS/ROGAN WARD

South Africa's headline consumer inflation inched higher to 4.5% year on year in May from 4.4% in April, data from Statistics South Africa showed on Wednesday.

JOHANNESBURG, June 19 (Reuters) - South Africa's headline consumer inflation inched higher to 4.5% year on year in May from 4.4% in April, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis prices rose 0.3% from a 0.6% increase previously.

Core inflation - which excludes the prices of food, non-alcoholic beverages, petrol and energy - was at 4.1% year on year versus a 4.1% increase in April, and was at 0.0% month on month compared to 0.3% increase last month.

(Reporting by Mfuneko Toyana; Editing by Olivia Kumwenda-Mtambo)

((mfuneko.toyana@thomsonreuters.com; +27117753153; Reuters Messaging: mfuneko.toyana.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More