403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
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.
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.
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.

Comments
No comment