Saturday, December 2, 2023
HomeBusinessSlight downward trend for November consumer price inflation

Slight downward trend for November consumer price inflation

Stats SA on Wednesday morning revealed that the annual consumer price inflation (CPI) dipped slightly, from 7.6% in October to 7.4% in November.

It was at 7.5% in September.


According to the latest findings, food and non-alcoholic beverages increased by 12.5% year-on-year, and contributed 2.1 percentage points to the total CPI annual rate of 7.4%.

Housing and utilities also increased by 4.3% year-on-year, and contributed 1.1 percentage points. 

In October, housing and utilities increased by 4.3% year-on-year.

ALSO READ: Inflation down while CPI up in September 2022

Transport increased by 15.3% year-on-year, and contributed 2.2 percentage points. 

Statisticians also reported that miscellaneous goods and services increased by 4.8% year-on-year, and contributed 0.7 of a percentage point.

In November, the annual inflation rate for goods was 10.4%, down from 10.5% in October.

For services it was 4.5%, down from 4.6% in October.

In October, the annual inflation rate for goods was 10.5%, down from 10.7% in September, while for services it was 4.6%, up from 4.3% in September.

ALSO READ: South Africans feeling the pain as inflation reaches 13-year high



Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments