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South African consumer inflation rises to 4.3%

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South Africa’s headline consumer inflation quickened to 4.3 per cent year-on-year in August from 4.0 per cent in July, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, inflation rose 0.3 per cent, after rising 0.4per cent in the previous month.

Core inflation – which excludes the prices of food, non-alcoholic beverages, petrol and energy – was at 4.3 per cent year-on-year in August versus a 4.2 per cent increase in July.

It hits 0.1per cent month-on-month from 0.4per cent in the prior month. (Reuters/)
JI/AFA

Editing by Joe Idika/Felix Ajide

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