South Africa’s CPI slows to 4.8 percent year/year in October

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JOHANNESBURG (Reuters) – South Africa’s headline consumer inflation slowed to 4.8 percent year-on-year in October, in line with market expectations, from 5.1 percent in September, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, inflation slowed to 0.3 percent in October from 0.5 percent in September.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy fell to 4.5 percent year-on-year in October from 4.6 percent in September, while on a month-on-month basis inflation slowed to 0.1 percent from 0.4 percent previously.

Reporting by Olivia Kumwenda-Mtambo; Editing by Alison Williams

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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