Tuesday, 02 January 2024 12:17 GMT

South Africa Posts 3.6 Percent Increase in October Inflation


(MENAFN) South Africa's consumer inflation rose to 3.6 percent in October, up from 3.4 percent in September, marking the highest level since September 2024, when it reached 3.8 percent, according to Statistics South Africa data released Wednesday.

The rise was fueled by higher prices in transportation, recreation, and alcoholic beverages and tobacco. Meanwhile, inflation for food and non-alcoholic beverages slowed to 3.9 percent from 4.5 percent.

Meat prices, although slightly lower than in September, stayed elevated due to persistent challenges in the livestock sector. Dairy and eggs continued to decline, with the category dropping 1.5 percent year-on-year.

Inflation varied across regions, with North West reporting the highest at 4.3 percent, while the Eastern Cape recorded the lowest at 3.1 percent.

Analysts noted that the data reflect ongoing price pressures in transport and leisure sectors, even as food inflation shows signs of easing.

MENAFN19112025000045017169ID1110367158



MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search