Inflation quickens to 6.6%

Published Dec 14, 2016

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Johannesburg –

Inflation has quickened to 6.6 percent in November, from 6.4 percent in

October, Statistics SA said on Wednesday.

In a statement,

the government body notes that the headline consumer inflation rate for urban

areas gained 0.2 percentage points month-on-month.

It notes, on

average, prices increased by 0.3 percent between October 2016 and November

2016.

In November, the CPI for goods increased by 7.7 percent

year-on-year (up from 7.1 percent in October), and the CPI for services

increased by 5.6 percent year-on-year (down from 5.8 percent in October).

Provincial annual inflation rates ranged from 5.7 percent

in the Northern Cape to 8 percent in Limpopo.

Read also:  Inflation at 2016 low

The body adds transport increased from 0.7 of a

percentage point in October to 1 percentage point in November.

Recreation and culture decreased from 0.3 of a percentage

point in October to 0.2 of a percentage point in November.

Food and non-alcoholic beverages contributed 0.1 of a

percentage point in November.

Transport contributed 0.2 of a percentage point in

November, mainly due to a 45c/l increase in the price of petrol.

BUSINESS REPORT

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