Consumer price inflation at 5.8%

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ConsumerItems

Johannesburg - South Africa's headline consumer inflation accelerated to 5.8 percent year-on-year in January from 5.4 percent in December, Statistics South Africa said on Wednesday.

On a month-on-month basis, CPI quickened to 0.7 percent compared with 0.3 percent in December.

Economists surveyed by Reuters expected a year-on-year rate of 5.7 percent and 0.6 percent month-on-month.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, was unchanged at 5.3 percent year-on-year and 0.3 percent on a month-on-month basis. - Reuters



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