Annual consumer price inflation for August dipped slightly to 3.1% from 3.2% in July, according to Stats SA.
This falls midway within the target range of between 3% to 6% target range set by the Reserve Bank.
The main contributors to August’s print were food and non-alcoholic beverages, which increased by 3.9% year-on-year; housing and utilities, which grew by 3.1%; and miscellaneous goods and services - a category that includes things like personal care, financial services and insurance, which increased by 6.6%.
On a month-on-month basis, the CPI index increased by 0.2% from July.
CPI was in line with expectations of economists.
EMAIL THIS ARTICLE SAVE THIS ARTICLE
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
